Gulf Resources, Inc. updated investors on the construction of its new Yuxin Chemical Factory. As the company has previously announced, the construction of this factory has been delayed due to supply chain disruption as well as COVID protocols in China. While delays are continuing and COVID restrictions are still in place, the company believes it is making progress on the construction of this factory.

After all equipment has been delivered, installed and complete the construction, the company expects to obtain government approvals including safety and environmental protection approval and thereafter to start equipment testing, and trial production. The company expects to take additional 6 to 8 months to complete the process.