Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 441

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 6
Chunk 441
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 Directors. We do not have any retirement, pension, profit sharing or insurance or medical reimbursement plans
covering our officers and directors. Our executive officers are reimbursed by us for any out- of-pocket expenses incurred in connection
with activities conducted on our behalf. There is no limit on the amount of these out-of-pocket expenses and there will be no review
of the reasonableness of such expenses by anyone other than our Board of Directors, which includes persons who may seek reimbursement,
or a court of competent jurisdiction if such reimbursement is challenged.

55 

Grants of Plan-Based Awards

The Company did not grant any shares
of our Common Stock to each of our named executive officers, under Company’s 2019 Omnibus Equity Incentive Plan, as amended, during
fiscal year 2024.

    FISCAL YEAR 2023 GRANTS OF PLAN-BASED AWARDS

    Estimated Future Payouts
Under Non-Equity
 Incentive Plan Awards
     
    Estimated Future Payouts
Under Equity Incentive
Plan Awards
     
    All Other Stock Awards: Number of Shares of
     
    Option Awards: Number of Securities
     
    Exercise or Base Price of
     
    Grant Date Fair Value of Stock
  
    Name
     
    Grant Date
     
    Threshold
     
    Target
     
    Maximum
     
    Threshold
     
    Target
     
    Maximum

    Stocks or Units

    Underlying Options

    Option Award($)
     
    and Options ($)

    Xiaobin Liu,
    CEO
     
    —
     
     —
     
     —
     
     —
     
     —
     
     —
     
     —
     
    —
     
     —
     
    —
     
    —

    Min Li,
    CFO
     
    —
     
     —
     
     —
     
     —
     
     —
     
     —
     
     —
     
    —
     
    —
     
    —
     
    —

    Naihui Miao,
    COO
     
    —
     
     —
     
     —
     
     —
     
     —
     
     —