Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields

July 3, 2024

https://www.globenewswire.com/news-release/2024/07/03/2908147/22612/en/Gulf-Resources-Announces-the-Signing-of-Agreements-to-Acquire-Crude-Salt-Fields.html

SHOUGUANG, China, July 03, 2024 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (Nasdaq:GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that its wholly owned subsidiary, Shouguang Hengde Salt Industry Co. Ltd (“SHSI”), entered into a series of agreements to acquire crude salt fields for an aggregate price of RMB280,762,000 (approximately US$38,619,257 based on the current exchange rate on July 3, 2024).

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