Gulf Resources – Glaucus Research

Gulf Resources, Inc. (“GFRE” or the “company”) is a producer and distributor of bromine and crude salt and a manufacturer
and distributer of industrial chemical products used in oil and gas field exploration, oil field drilling, wastewater processing,
papermaking chemical agents and inorganic chemicals. GFRE operates exclusively in the People’s Republic of China (“China”). Like many other Chinese companies which have been investigated and delisted by U.S.securities regulators for fraud, GFRE went public via a reverse merger transaction in December 2006.