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Corporate History


October 2000
Shouguang Yuxin Chemical Industry Co. Ltd. (SYCI) was formed
 
May 2005
Shouguang City Haoyuan Chemical Industry Co. Ltd (SCHC) was formed
 
December 2006
Gulf Resources became a U.S. publicly traded company
 
February 2007
SYCI was acquired by Gulf Resources, Inc.
 
April 2007
Gulf Resources signed supply agreement with Daqing Oilfield Company.
 
May 2007
Gulf Resources signed a long term agreement with Huaneng Yimin Power Plant for its proprietary, environmentally friendly biocide product.
 
September 2007
Gulf Resources established Co-Op with East China University of Science & Technology to establish an R&D center focused on newly refined bromine-based chemical compounds and products utilized as raw materials for the pharmaceutical industry. GFRE will own all patents and discoveries. In addition, the Company announced two for one forward stock split and new trading symbol: GFRE.
 
September 2007
Gulf Resources signed a letter of intent with Southwest Synthetic Pharmaceutical Corporation Ltd. to explore becoming a supplier of APIs for antibiotics.
 
January 2008
Gulf Resources announced it has successfully developed a new type of environmentally friendly oil field drilling fluid system.
 
September 2008
Gulf Resources opened a new production line focusing on environmentally friendly additive products.

October 2009
Gulf Resources’ common stock starts trading on the NASDAQ Global Select Market.

June 2010
Gulf Resources constructed a new production line focusing on additives for wastewater treatment chemicals.
January 2015
Acquire Shouguang City Rongyuan Chemical Company,Limited ("SCRC")
November 2015
Formed Daying County Haoyuan Chemical Company,Limited( "DCHC") . Created partnership with Government of Daying County to explore for natural gas resources and brine resources.
January 2015
Found natural gas resources under its brine well in Sichuan Province.

February 2015

Acquired Shouguang City Rongyuan Chemical Co, Ltd. (“SCRC”). a leading manufacturer of materials for human and animal antibiotics in China and other parts of Asia. Merged SCRC into Shouguang City Haoyuan Chemical Company (SCHC)

 

May 2015

First natural gas well reports strong test results.

 

November 2015 

Entered into a Project Investment Agreement with the People’s Government of Daying County in Sichuan Province for the exploration and development of natural gas and brine resources (including bromine and crude salt). 

 

August 2016

Merged its two chemical divisions together.

 

November 2016

Factory #6 closed by order of the local government because it impinged on farm land.

 

January 2017

Completed construction of first natural gas and brine facility test well.

 

September 2017

Closed bromine and crude salt facilities for rectification by order of the government.

 

November 2017

Government rules that company must relocate its chemical factories to a site in a new chemical industrial park.

 

July 2018

New government regulations cause further delay in reopening bromine and crude salt factories.

 

September 2018

Government forces the closing of factories #3,#4, and #11 for environmental reasons.

 

April 2019

Government approves the reopening of factories #1 and #7. Production commences.

 

June 2019

Trial production at natural gas well in Sichuan Province suspended so company can comply with new environmental regulations.

 

August 2019

Typhoon Lekima, the costliest typhoon in Chinese history floods Shandong Province, forcing the company to close al of its facilities. a

 

January 2020

Reverse 1-5 stock split.

 

March 2020

Government approves the reopening of factories #1,#7,#4 and #9.

 

April 2020

Factories #1,#7, #4, and #9 reopen.

 

May 2020

Construction of new chemical factory commences.