Gulf Resources, Inc. announced that on September 28, 2023, Min Yang, the Chairman of the Board of Directors of the company, informed the Board that he will not stand for re-election when his term expires at the Company?s 2023 annual meeting of shareholders to be held on November 30, 2023, and he tendered his resignation as Chairman of the Board effective as of the Company?s 2023 annual meeting of shareholders. The Board accepted Mr. Yang?s resignation, effective as of the Company?s 2023 annual meeting of shareholders, and elected Mr. Xiaobin Liu, Chief Executive Officer of the Company, as Chairman of the Board, effective as of the Company?s 2023 annual meeting of shareholders. On September 28, 2023, Tengfei Zhang, member of the Board, the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, of the Company, informed the Board that he will not stand for re-election when his terms expires at the Company?s 2023 annual meeting of shareholders, and he tendered his resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee.

The Board accepted Mr. Zhang?s resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, effective as of the Company?s 2023 annual meeting of shareholders.