Company: GURE
Filing Date: 2025-09-22
Form Type: S-3/A
Source: 0001193805-25-001326
Chunk: 15

Company: GULF RESOURCES, INC.
Filing Date: 2025-09-22
Form: S-3/A
Chunk 15
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 2021, the SEC announced the adoption
of interim final amendments to implement the submission and disclosure requirements of the Holding Foreign Companies Accountable Act.
In the announcement, the SEC clarified that before any issuer will have to comply with the interim final amendments, the SEC must implement
a process for identifying covered issuers. The announcement also stated that the SEC staff was actively assessing how best to implement
the other requirements of the Holding Foreign Companies Accountable Act, including the identification process and the trading prohibition
requirements.

On June 22, 2021, the U.S. Senate passed the Accelerating
Holding Foreign Companies Accountable Act, which, if passed by the U.S. House of Representatives and signed into law, would reduce the
number of consecutive non-inspection years required for triggering the prohibitions under the Holding Foreign Companies Accountable Act
from three years to two. On December 29, 2022, a legislation entitled “Consolidated Appropriations Act, 2023” (the “Consolidated
Appropriations Act”), was signed into law by President Biden. The Consolidated Appropriations Act contained, among other things,
an identical provision to HFCAA, which reduces the number of consecutive non-inspection years required for triggering the prohibitions
under the HFCAA from three years to two.

On September 22, 2021, the PCAOB adopted a final
rule implementing the Holding Foreign Companies Accountable Act, which provides a framework for the PCAOB to use when determining, as
contemplated under the Holding Foreign Companies Accountable Act, whether the board of directors of a company is unable to inspect or
investigate completely registered public accounting firms located in a foreign jurisdiction because of a position taken by one or more
authorities in that jurisdiction.

On December 2, 2021, the SEC issued amendments
to finalize rules implementing the submission and disclosure requirements in the Holding Foreign Companies Accountable Act. The rules
apply to registrants that the SEC identifies as having filed an annual report with an audit report issued by a registered public accounting
firm that is located in a foreign jurisdiction and that PCAOB is unable to inspect or investigate completely because of a position taken
by an authority in foreign jurisdictions. The final amendments were effective on January 10, 2022. The SEC began to identify and list
Commission-Identified Issuers on its website shortly after registrants began filing their annual reports for 2021.

On December 16, 2021, the PCA