Gulf Resources, Inc., a leading producer of elemental bromine in China that is used to manufacture a wide variety of compounds utilized in agriculture and a variety of oil and gas field explorations, recently announced the unanimous appointment of Mr. Ya Fei Ji to serve as an independent director on the company’s board of directors, effective June 13, 2009. Gulf Resources, Inc.’s board of directors now includes eight members, of which four are independent board members.
With an academic career in medicinal chemistry that spans more than 20 years, Mr. Ji has been published in over 40 journals and industry publications, and he has applied for two patents for drug synthesis processes. After earning his doctorate degree in chemical engineering from the China University of Mining & Technology in Beijing, Mr. Ji engaged in medicinal chemistry research and served as an instructor at the East China University of Science and Technology. Mr. Ji earned his master’s degree in fine chemicals from the East China University of Science and Technology in 1992.
Xiaobin Liu, chief executive officer of Gulf Resources, Inc., stated, “We are pleased to welcome Mr. Ji to our board of directors. 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.” Mr. Liu concluded, “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.”
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