Gulf Resources Inc (GURE)

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Gulf Resources Announces the Receipt of Governmental Notification to Resume Production for Its Bromine Facilities
GlobeNewswire GlobeNewswire•February 28, 2020
SHOUGUANG, China, Feb. 28, 2020 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced that it has received a notification from the government of Shouguang City, pursuant to which the Company’s bromine facilities has been allowed to resume production.

On November 25, 2019, the government of Shuoguang City issued a notice ordering all bromine facilities in Shouguang City, including the Company’s bromine facilities, to temporarily stop production from December 16, 2019 to February 10, 2020. Subsequently, due to the coronavirus outbreak in china, the local government ordered those bromine facilities to postpone the commencement of production.

The Company has received an approval dated on February 27, 2020 to resume its bromine production issued by Shouguang Comprehensive Coordination Group for Epidemic Prevention and Control.

Mr. Liu Xiaobin, the CEO of Gulf Resources, stated, “the Company are starting to do the preparation work for bromine facilities No.1 & No.7, and these two factories are expected to restart production soon. The Company anticipates to make an announcement if there is any further development.”