Unassociated Document


     

    Exhibit
10.1

     

     

    
    

     

    
      	Gulf
      Resources, Inc.       
              David
      Wong, VP of Finance 

              E-mail:
      davidw@gulfresourcesinc.cn
      

              gfre.2008@yahoo.com    

            	CCG Investor
      Relations
      
              Mr. Crocker Coulson, President

              Phone: +1-646-213-1915

              E-mail: crocker.coulson@ccgir.com   

            
	 	 
	Helen Xu
      
              E-mail: xuhy@gulfresourcesinc.cn
      

              beishengrong@163.com
      

              Website:
      http://www.gulfresourcesinc.cn/    

            	Ms. Linda Salo,
      Financial Writer
      
              Phone: +1-646-922-0894

              E-mail: linda.salo@ccgir.com

              Website: http://www.ccgirasia.com/     

            


    

     

    Gulf
Resources Appoints David Wong  as

    
      Vice
President of Finance

       

      New York & Shandong Province,
July 31, 2009 - Gulf Resources, Inc. (OTC BB: GFRE) (“Gulf Resources” or
the “Company”), a leading manufacturer of bromine, crude salt and specialty
chemical products in China, today announced that the Company appointed Mr. David
Wong to serve as Vice President of Finance, effective August 1, 2009. His
responsibilities will include corporate consolidated financial reporting with
U.S GAAP compliance and reconciliation, financial planning and analysis, and
strategic communication with the investment community.  Mr. Wong will
be the Company’s primary investor relations contact and will also be involved in
business development.

      


      Mr. Wong
has rich experience in corporate risk control and financial planning and
analysis. Since January 2007, he served as finance manager of the Asia Pacific
headquarters of a NYSE-listed, Fortune 500 diversified global manufacturing and
technology company, where he was primarily responsible for Sarbannes
Oxley  compliance, system audits and risk management, internal
controls over risks as well as consolidated financial reporting. Prior to that,
he was regional finance manager of the South China Manufacturing division of the
same Fortune 500 company, where he was tasked with strengthening the internal
control system, applying corporate accounting principles and practices,
financial forecasting and budgeting. From June 2000 to December 2004, Mr. Wong
served as finance senior supervisor and finance assistant manager of the South
China Manufacturing division of a NASDAQ-listed electronics manufacturing
services provider based in Singapore.  He graduated from Hunan
University with a major in International Accounting and he holds the following
certifications: Certified Management Accountant (USA), Certified Production
& Inventory Management (USA), and China Certified Accountant. Mr. Wong is
fluent in both Mandarin and English.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       “We
are pleased to welcome David to our team as we seek to strengthen our financial
reporting, disclosure and planning,” said Xiaobin Liu, Chief Executive Officer
of Gulf Resources. “Not only are we are benefiting from his extensive experience
in financial planning and analysis, internal risk assessment and disclosure at
positions with leading multinational companies, but also from his outstanding
bilingual communication skills that will further enhance Gulf Resources’
transparency in the capital markets.”

      


      About
Gulf Resources, Inc.

      


      Gulf
Resources, Inc. operates through two wholly-owned subsidiaries, Shouguang City
Haoyuan Chemical Company Limited (“SCHC”) and Shouguang Yuxin Chemical Industry
Co., Limited (“SYCI”). The Company believes that it is one of the largest
producers of bromine in China. Elemental Bromine is used to manufacture a wide
variety of compounds utilized in industry and agriculture. Through SYCI, the
Company manufactures chemical products utilized in a variety of applications,
including oil & gas field explorations and as papermaking chemical agents.
For more information about the Company, please visit www.gulfresourcesinc.cn.

      


      Forward-Looking
Statements

      


      Certain
statements in this news release contain forward-looking information about Gulf
Resources and its subsidiaries business and products within the meaning of Rule
175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange
Act of 1934, and are subject to the safe harbor created by those rules. The
actual results may differ materially depending on a number of risk factors
including, but not limited to, the general economic and business conditions in
the PRC, future product development and production capabilities, shipments to
end customers, market acceptance of new and existing products, additional
competition from existing and new competitors for bromine and other oilfield and
power production chemicals, changes in technology, the ability to make future
bromine asset purchases, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their entirety by this
Cautionary Statement and the risks factors detailed in the Company's reports
filed with the Securities and Exchange Commission. Gulf Resources undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.

      


      


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