GULF RESOURCES, INC.

We manufacture and trade bromine and crude salt, natural gas, manufacture and sell chemical products used in oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. To date, our products have been sold only within the People’s Republic of China. As used in this report, the terms we, us, our, Company and Gulf Resources refers to Gulf Resources, Inc., a holding company and/or its consolidated wholly-owned subsidiaries, and the terms ton and tons refers to metric tons, in each case, unless otherwise stated or the context requires otherwise. The functional currency of the Company’s operating foreign subsidiaries is the Renminbi ( RMB ), which had an average exchange rate of $0.14042 and $0.13999 during fiscal years 2024 and 2025, respectively, the reporting currency of the Company is the United States dollar ( USD or $ ). Our Corporate History and Corporate Structure We (Gulf Resources Inc.) were originally incorporated in Delaware and subsequently re-incorporated in Nevada. From November 1993 through August 2006, we were engaged in the business of owning, leasing and operating coin and debit card pay-per copy photocopy machines, fax machines, microfilm reader-printers and accessory equipment under the name Diversifax, Inc. . Due to the increased use of internet services, demand for our services declined sharply, and in August 2006, our Board of Directors decided to discontinue our operations.