Gulf Resources Explained Delay in Filing Its 10-K for 2025
SHOUGUANG, China, April 16, 2026 (GLOBE NEWSWIRE) -- Gulf Resources (NASDAQ:GURE) today announced the delay in filing its 10-K for 2025 and references the 8-K filed by company on April 14, 2026.
The Company delayed to file the Form 10-K due to accounting adjustments required by the Company and its auditors in response to SEC comments on the Annual Report on Form 10-K for the financial year ended December 31, 2024.
Previously company recorded its "land, buildings and salt pans" under fixed assets, but now, the company and its auditors has will adjust those to long-term leases based on the comments from SEC.
The company will then revise its 2024 10-K and incorporate these changes into its upcoming 2025 10-K.
Since the company has changed Auditors and Counsel in the past two years, all parties want to take the time to ensure the issues been addressed appropriately.
Mr. Xiaobin Liu, the Chief Executive Officer of Gulf Resources stated, "We are working diligently to satisfy the SEC. However, we do not believe these issues will have a material impact on our business operations. As soon as the company receives a further update from the SEC, we will communicate with shareholders."
Forward-Looking Statements
This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding plans with respect to the timing and impact of the Reverse Stock Split; our strategic plans and value; our expectations regarding potential commercial opportunities; and our strategies, positioning and expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption "Risk Factors." Any forward-looking statement in this release speaks only as of the date of this release. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact Data CONTACT: Gulf Resources, Inc. Web: Director of Investor Relations Helen Xu
