<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e602256_8k-gulf.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                Date of Report (date of earliest event reported):
                                  June 8, 2007

                              GULF RESOURCES, INC.
                              --------------------
             (Exact Name of Registrant as Specified in its Charter)


      Delaware                     000-20936                  13-3637458
      --------                     ---------                  ----------
      State of                     Commission                 IRS Employer
      Incorporation                File Number                I.D. Number


        CHEMING INDUSTRIAL PARK, UNIT - HAOYUAN CHEMICAL COMPANY LIMITED,
                     SHOUGUANG CITY, SHANDONG, CHINA 262714
                     --------------------------------------
                     Address of principal executive offices


                  Registrant's telephone number: (310)470-2886


                               Shennan Zhong Road
                                 PO Box 031-114
                             Shenzhen, China 518000
          (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)
|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 1.01. Entry into a Material Definitive Agreement.

Item 2.01 Completion of Acquisition or Disposition of Assets

      On June 8, 2007, Gulf Resources, Inc. (the "Registrant"), Shuoguang City
Haoyuan Chemical Company Limited ("SCHC"), the Registrant's wholly-owned
subsidiary, and Dong Hua Yang ("Seller") completed an Asset Purchase Agreement
(the "Agreement") pursuant to which SCHC acquired substantially all of the
assets owned by the Seller in the Dong Ying City Liu Hu Area (the "Assets") in a
stock and cash transaction valued at $6,667,538. Pursuant to the Agreement, in
exchange for the Assets, the Seller received 409,795 newly issued shares of the
Registrant's common stock, $4,837,233 in cash and interest-free promissory note
in the aggregate principal amount of $889,005, with a maturity date of July 8,
2007. A copy of the Agreement is filed as Exhibit 10.1 to this Current Report.

      The Registrant, SCHC and the Seller made customary representations,
warranties and covenants in the Agreement.

      The Assets include a 50-year mineral rights and land lease covering
2,317.85 acres of real property, with annual production of 4,000 tons of bromine
being serviced by 405 wells. The assets acquired include the 405 wells and the
related production facility, the wells, the pipelines, other production
equipment, and the buildings located on the property.

Item 2.03 Creation Of A Direct Financial Obligation Or An Obligation Under An
Off-Balance Sheet Arrangement Of A Registrant

      Pursuant to the Agreement, on June 8, 2007, in exchange for the Seller
transferring the Assets to SCHC, SCHC issued to the Seller a non-interest
bearing promissory note in the aggregate principal amount of $889,005, which is
due and payable on July 8, 2007, and which contains customary terms and
conditions. A copy of the form of the promissory note is filed as Exhibit 10.2
to this Current Report.

Item 3.02 Unregistered Sales of Equity Securities.

      Pursuant to the Agreement, in exchange for the transfer of the Assets by
the Seller to SCHC, the Registrant will issue to the Seller 409,795 shares of
the Registrant's common stock.

      1. Section 4(2) of the Securities Act

      The shares of the Registrant's common stock were issued to the Seller
without registration under Section 5 of the Securities Act of 1933, as amended
(the "Securities Act") in reliance on the exemption from registration contained
in Section 4(2) of the Securities Act.

      The Registrant believes that all of the requirements to qualify to use the
exemption from registration contained in Section 4(2) of the Securities Act have
been satisfied in connection with the issuance of the shares to the Seller.
Specifically, (i) the Registrant has determined that the Seller is knowledgeable
and experienced in finance and business matters and thus he is able to evaluate
the risks and merits of acquiring the Registrant's securities; (ii) the Seller
has advised the Registrant that he is able to bear the economic risk of
purchasing the Registrant's common stock; (iii) the Registrant has provided the
Seller with access to the type of information normally provided in a prospectus;
and (iv) the Registrant did not use any form of public solicitation or general
advertising in connection with the issuance of the shares.


                                       2
<PAGE>

      2. Regulation S under the Securities Act

      In addition, the shares of the Registrant's common stock were issued to
the Seller without registration under Section 5 of the Securities Act, in
reliance on the exemption from registration contained in Regulation S under the
Securities Act.

      The Registrant, which is located in the United States, believes that the
issuance of its common stock to the Seller will constitute an offshore
transaction. The Seller is a resident of China. At the time the Registrant
offered to issue its shares to the Seller, the Seller was located in China.
Furthermore, at the time the Registrant will issue its common stock to the
Seller, the Registrant reasonably believes that the Seller will be outside the
United States. As a result, the Registrant believes that these facts enable it
to also rely on Regulation S for an exemption from the registration requirements
of Section 5 of the Securities Act with respect to the issuance of its common
stock to the Seller.

Item 9.01.  Financial Statements and Exhibits.

      (c)   Exhibits.

      10.1  Asset Purchase Agreement

      10.2  Form of Promissory Note

      99.1  Press Release dated June 11 , 2007


                                       3
<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated: June 10, 2007

                                       GULF RESOURCES, INC.

                                       By: /s/ Ming Yang
                                           -------------------
                                           Ming Yang,
                                           Chief Executive Officer


                                       4
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