Gulf Resources Receives Extension From NASDAQ to Regain Compliance
Gulf Resources Receives Extension From NASDAQ to Regain Compliance
SHOUGUANG, China, July 08, 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 it had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ's listing rules.
中国寿光，2024年7月8日（GLOBE NEWSWIRE）——中国领先的溴、原盐和特种化学品制造商海湾资源公司（纳斯达克股票代码：GURE）（“海湾资源”，“我们” 或 “公司”）今天宣布，它已收到纳斯达克的一封信，允许该公司延长至2024年10月14日，以恢复对纳斯达克上市规则的遵守。
As previously disclosed, on April 18, 2024 and May 21, 2024, the Company received letters from NASDAQ indicating that that it did not comply with NASDAQ's filing requirements (the "Rule") because it had not filed its Form 10-K for the period ended December 31, 2023 (the "10-K") and Form 10-Q for the period ended March 31, 2024 (the "10-Q", and together with the 10-K, the "Delinquent Reports").
正如先前披露的那样，该公司在2024年4月18日和2024年5月21日收到纳斯达克的信函，表明其没有遵守纳斯达克的申报要求（“规则”），因为它没有提交截至2023年12月31日期间的10-k表格（“10-K”）和截至2024年3月31日期间的10-Q表格（“10-Q”），以及10-k的 “违规报告””）。
The Company and its current auditor GGF CPA LIMITED ("GGF") have been working diligently to complete the 2023 year-end audit, the 10-K, as well the 10-Qs for both the first and the second quarters of 2024.
公司及其现任审计师GGF CPA LIMITED（“GGF”）一直在努力完成2023年年终审计、10k审计以及2024年第一和第二季度的10-Q。
Gulf Resources has submitted the materials to NASDAQ, detailing the steps to be taken and the progress being made to regain compliance.
海湾资源已向纳斯达克提交了材料，详细说明了为恢复合规而将采取的措施和取得的进展。
Based on NASDAQ's further review and the materials submitted by the Company, NASDAQ has granted the Company an extension until October 14, 2024 to file the Delinquent Reports, as required by the Rule.
根据纳斯达克的进一步审查和公司提交的材料，纳斯达克已批准该公司按照《规则》的要求将提交拖欠报告的期限延长至2024年10月14日。
"We regret the delay in filing our 10-K and 10-Q reports," stated Mr. Xiaobin Liu, the CEO of Gulf Resources. "When we dismissed WWC, P.C. Certified Public Accountants, our prior auditor, on April 16, 2024 and engaged GGF, GGF had to start the audit process from scratch."
海湾资源首席执行官刘晓斌表示：“我们对延迟提交10K和10季度报告感到遗憾。”“当我们在2024年4月16日解雇我们的前任审计师WWC，P.C. 注册会计师事务所并聘请了GGF时，GGF不得不从头开始审计流程。”
"We believe the Company and GGF are making excellent progress," Mr. Liu continued. "We expect to be able to file the 10-K as well as the 10-Qs for both the first and the second quarters of 2024 by October 14, 2024, as requested by NASDAQ."
刘先生继续说：“我们相信公司和GGF正在取得良好的进展。”“我们预计能够按照纳斯达克的要求，在2024年10月14日之前提交2024年第一季度和第二季度的10-k和10-Q。”