According to filings submitted to the U.S. Securities and Exchange Commission (SEC), Gulf Resources, Inc. is assessing significant deficiencies in its internal controls and is continuously advancing corrective and strengthening measures.
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The company stated that it has begun an in-depth review of the identified internal control deficiencies. Currently, management is assessing a series of specific remedial measures aimed at fundamentally resolving the issues and enhancing the overall control environment. Meanwhile, Gulf Resources emphasized that strengthening internal controls is an ongoing process. The company will continue to invest resources to optimize relevant processes and supervision mechanisms to ensure the reliability of financial reporting and compliance with applicable laws and regulations.
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