Gulf Resources Announces the Nomination of Mr. Shengwei Ma to be an Independent Director
November 06 2019 - 08:30AM
Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources" or the
"Company"), a leading manufacturer of bromine, crude salt and
specialty chemical products in China, today announced the
nomination of Mr. Shengwei Ma to be an independent director of the
Company. Mr. Ma has served as a Department Manager of Shouguang
City Urban Construction and Investment Group since 2012. Mr. Ma
holds a Senior Account Certificate. He graduated from Central
Broadcasting and Television University with a bachelor’s degree in
accounting in 2004.
Mr. Ma is standing for election at the Company’s annual
shareholders meeting to be held on December 18, 2019.
“We are very pleased to have nominated Mr. Shengwei Ma to be an
independent director candidate who is expected to fill in the
vacancy on the Company’s board of directors upon his election,” Mr.
Ming Yang, Chairman of the Board stated. “Mr. Ma has excellent
knowledge and experience in accounting and auditing. In addition,
Mr. Ma has vast experience in resolving local issues that have been
impacting the Company’s business. We believe he will be a valued
addition to the board upon his election.”
“We know”, Mr. Yang continued, “shareholders have been concerned
about the vacancy of one independent director on our board. We
devoted a considerable amount of time to identify the best
candidate we could find and hope to resolve this important issue
upon Mr. Ma’s election at the annual shareholders meeting.”
About Gulf Resources, Inc.Gulf Resources, Inc.
operates through three wholly-owned subsidiaries, Shouguang City
Haoyuan Chemical Company Limited ("SCHC"), Shouguang Yuxin Chemical
Industry Co., Limited ("SYCI"), and Daying County Haoyuan Chemical
Company Limited (“DCHC”). The Company believes that it is one of
the largest producers of bromine in China. Elemental Bromine is
used to manufacture a wide variety of compounds utilized in
industry and agriculture. Through SYCI, the Company manufactures
chemical products utilized in a variety of applications, including
oil and gas field explorations and papermaking chemical agents, and
materials for human and animal antibiotics. DCHC was established to
further explore and develop natural gas and brine resources
(including bromine and crude salt) in China. For more information,
visit www.gulfresourcesinc.com.
Forward-Looking Statements Certain statements
in this news release contain forward-looking information about Gulf
Resources and its subsidiaries business and products within the
meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. The actual results may differ
materially depending on a number of risk factors including, but not
limited to, the general economic and business conditions in the
PRC, future product development and production capabilities,
shipments to end customers, market acceptance of new and existing
products, additional competition from existing and new competitors
for bromine and other oilfield and power production chemicals,
changes in technology, the ability to make future bromine asset
purchases, and various other factors beyond its control. All
forward-looking statements are expressly qualified in their
entirety by this Cautionary Statement and the risks factors
detailed in the company's reports filed with the Securities and
Exchange Commission. Gulf Resources undertakes no duty to revise or
update any forward-looking statements to reflect events or
circumstances after the date of this release. CONTACT: Gulf
Resources, Inc.
Web: |
http://www.gulfresourcesinc.com |
|
Director of Investor Relations |
|
Helen Xu (Haiyan Xu) |
|
beishengrong@vip.163.com |
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