SHANDONG, China, July 13, 2011 /PRNewswire-Asia-FirstCall/ -- Gulf Resources, Inc. (Nasdaq:GURE - News) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that its Chairman, Ming Yang and his family will hold their shares for the next three years and confirmed that Gulf Resources maintains 100% ownership of its two PRC subsidiaries Shouguang City Haoyuan Chemical Ltd. Co. ("SCHC") and Shouguang Yuxin Chemical Industry Co., Ltd. ("SYCI")

The Company's Chairman, Mr. Yang and his family together own 13,391,453 shares, which is approximately 38.7% of the Company's total outstanding shares of common stock. In a letter to shareholders, Mr. Yang and his family have declared that they are very confident in the Company's future and will not pledge or sell any of their shares in the next three years. The letter signed by Mr. Yang, his wife, Wenxiang Yu and their son, Zhi Yang is included as an exhibit to a Form 8-K to be filed on July 13, 2011.

Gulf Resources' corporate structure remains linear and unchanged since February 2007 and the Company maintains full control over its operating subsidiaries. The Company owns 100% of the outstanding shares of Upper Class Group Limited, which owns 100% of the outstanding shares of Hong Kong Jiaxing, which owns 100% of the outstanding shares of SCHC, which owns 100% of the outstanding shares of SYCI. The Company includes the shareholder lists for SCHC and SYCI and a schematic presentation of its ownership structure in an exhibit to a Form 8-K to be filed on July 13, 2011.