Gulf Resources, Inc. ("Gulf Resources" or the "Company") is a leading provider of chemical products in the People's Republic of China ("PRC"). The Company operates through its three wholly-owned subsidiaries;
· Shouguang City Haoyuan Chemical Co. Ltd ("SCHC") produces and distributes bromine and crude salt. Bromine is used to manufacture a wide range of compounds utilized in manufacturing industries and in agriculture. Crude salt is a by-product in the bromine extraction process. SCHC is also exploring for natural gas and brine (include bromine and crude salt) in Sichuan Province.
· Shouguang Yuxin Chemical Industry Co. Ltd ("SYCI") manufactures chemical products primarily used in oil & gas exploration, papermaking, pesticides, and wastewater treatment.
· Shouguang City Rongyuan Chemical Co, Ltd. (“SCRC”) manufactures materials for human and animal antibiotics and sells those products in China as well as in other parts of Asia.
· Dayng County Haoyuan Chemical Company Limited ("DCHC") explores and develops natural gas and brine and brine resources in Sichuan province.
Gulf Resources became a U.S. publicly traded company in December 2006 and started trading on NASDAQ in October 2009.