Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 167

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 3
Chunk 167
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 were 39 record holders of our common stock.

Securities Authorized for Issuance Under Equity Compensation
Plans

See “Item 12. Security
Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ” for the aggregate information regarding
our equity compensation plans in effect on December 31, 2024.

holders

security holders

Purchases of Equity Securities by the Company and Affiliated
Purchasers

None.

Recent Sales of Unregistered Securities

Any previous sales of unregistered securities by the Company
have been previously disclosed in our reports on Form 10-Q or Form 8-K, as applicable, filed with the SEC.

Item 6. [Reserved]

35 

Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

Overview

We are a Nevada holding company
which conducts operations through our wholly-owned China-based subsidiaries. Our business is conducted and reported in four segments,
namely, bromine, crude salt, chemical products and natural gas.

Through our wholly-owned subsidiary,
SCHC, we produce and trade bromine and SHSI for crude salt production and trading. crude salt. We are one of the largest producers of
bromine in China, as measured by production output. Elemental bromine is used to manufacture a wide variety of bromine compounds used
in industry and agriculture. Bromine also is used to form intermediary chemical compounds such as Tetramethylbenzidine. Bromine is commonly
used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants. Crude salt is the principal
material in alkali production as well as chlorine alkali production and is widely used in the chemical, food and beverage, and other industries.

Through our wholly-owned subsidiary,
SYCI, we manufacture and sell chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking
chemical agents, inorganic chemicals and materials that are used for human and animal antibiotics.

Our wholly-owned subsidiary, DCHC,
was established to explore and develop natural gas and brine resources (including bromine and crude salt) in Sichuan Province, China.

Bromine and Crude Salt

As disclosed in the Company’s
Current Report on Form 8-K filed on September 8, 2017, the Company received, on September 1, 2017, letters from the Yangkou County, Shouguang
City government addressed