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Gulf Resources Appoints New Independent Director

Article-Gulf Resources Appoints New Independent Director

Gulf Resources Inc., a leading manufacturer of bromine, crude salt, and specialty chemical products in China, has appointed Ya Fei Ji to serve as an independent director on its board of directors.

Ji has an academic career in medicinal chemistry that spans more than 20 years. He obtained his doctorate degree in chemical engineering from the China University of Mining & Technology (Beijing) in September 2001 and has engaged in medicinal chemistry research and served as an instructor at the East China University of Science and Technology since December 2003. From December 2001 until November 2003, he engaged in post-doctoral research at the Institute of Materia Medica, Chinese Academy of Medical Sciences and Peking Union Medical College, one of the primary institutions for drug research in China, focusing on chemical pharmaceutics. From November 1996 to November 2001 he conducted research on the drug synthesis process and taught at the China University of Mining and Chemical Industry Institute of Applied Chemistry, where he was appointed associate professor in 1999. From August 1992 to October 1996, Ji worked as an assistant researcher engaged in new drug synthesis and research on generic drugs. He earned a master’s degree in fine chemicals from the East China University of Science and Technology in 1992. His research has been published in more than 40 journals and industry publications and he has applied for two patents for drug synthesis processes.

Following this appointment, the company’s board of directors has eight members, of which four are independent.

“We are pleased to welcome Mr. Ji to our Board of Directors,” said Xiaobin Liu, chief executive officer of Gulf Resources. We believe that his strong academic background and breakthroughs in the field of medicinal chemistry will play a vital role as our chemical subsidiary works toward commercializing pharmaceutical products that utilize bromine in their formulations. This appointment takes us one step closer to meeting the corporate governance requirements to list our shares on a senior stock exchange. This is a key priority for us, as we believe listing on a senior exchange will provide increased liquidity, access to a broader investor base, and a valuation that better reflects the true value of our company.”

Gulf Resources Inc. operates through two wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Ltd and Shouguang Yuxin Chemical Industry Company, Ltd. 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 as papermaking chemical agents. For more information, visit www.gulfresourcesinc.cn

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