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Gulf Resources (NASDAQ:GURE) Announces Conference Call to Discuss Historic Decision of Aligning Shareholders’ Interests with that of Management
SHOUGUANG, China, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of
About this update from Gulf Resources, Inc.
[{"type":"text","content":"SHOUGUANG, China, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (\"Gulf Resources\", \"we,\" or the \"Company\"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced a conference call to discuss the new compensation program initiated by the Company to align the interests of its Chairman and senior management with that of its shareholders. For several years, the Company has been dissatisfied with its financial performance and with its inability to take cash from China to pay dividends and buy back shares. It has been seeking a way of attempting to align the interests of its shareholders with that of its management. The Company has created a new compensation program, that includes: The Chairman and top three executives repay most or all of their cash compensation earned during the past approximately 11 ½ years.The Chairman and CEO receive no cash compensation.The COO and CFO have their cash compensation reduced by approximately 82%.In exchange, the top executives, but not the Chairman, would receive shares of stock. By repaying most or all of their cash compensation for the past approximately 11 ½ years and reducing or eliminating their current cash compensation, senior management will only do well if the price of the shares of Gulf Resources does well. Conference Call Gulf Resources management will host a conference call on Wednesday, November 10, 2021 at 08:00 AM Eastern Time to discuss this new compensation program. Mr. Xiaobin Liu, the CEO and Mr. Min Li, the CFO, of Gulf Resources, will be hosting the call. The Company's management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial +1 (888) 506-0062 five to ten minutes prior to the scheduled conference call time. International callers should dial +1 (973) 528-0011.The Entry Code is 692204. The webcasting is also available then, just simply click on the link below: http://www.gulfresourcesinc.com/news-28.html A replay of the conference call will be available two hours after the call's completion during 11/10/2021 11:00 AM ET - 11/15 /2021 11:00 AM ET. To access the replay, call +1 (877) 481-4010. International callers should call +1 (919) 882-2331. The Replay Passcode is 43632. About Gulf Resources, Inc.Gulf Resources, ...