Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 689

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 10
Chunk 689
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 Board of Directors established
a Nominating and Corporate Governance Committee in June 2009. The purpose of the Nominating and Corporate Governance Committee is to assist
our Board of Directors in identifying qualified individuals to become board members, in determining the composition of the Board of Directors
and in monitoring the process to assess board effectiveness. Each of Dongshan Wang, Shitong Jiang and Yang Zou are members of the Nominating
and Corporate Governance Committee. The Nominating and Corporate Governance Committee operates under a written charter. Mr. Jiang is the
Chairman of Nominating and Corporate Governance Committee.

Material Changes to the Procedures by which Security
Holders May Recommend Nominees to the Board

We do not currently have a procedure by which security holders
may recommend nominees to the Board.

Director Qualifications

The Company seeks directors with
established strong professional reputations and experience in areas relevant to the strategy and operations of our businesses. The Company
also seeks directors who possess the qualities of integrity and candor, who have strong analytical skills and who are willing to engage
management and each other in a constructive and collaborative fashion, in addition to the ability and commitment to devote time and energy
to service on the Board and its committees. We believe that all of our directors meet the foregoing qualifications.

The Nominating and Corporate Governance
Committee and the Board believe that the leadership skills and other experience of the Board members, as described below, provide the
Company with a range of perspectives and judgment necessary to guide our strategies and monitor their execution.

Xiaobin
Liu was appointed as Chief Executive Officer and Director on March 10, 2009, and as Chairman of the Board of Directors of the Company
on November 30, 2023. Mr. Liu has years of experience in capital markets, financial and business management, and strategic planning and
development.

Naihui Miao Since January
2006, Mr. Miao has served as Director, Secretary and Vice President of the Company. He is in charge of sales, human resource and business
management. Mr. Miao has years of experience in the chemical industry, business operations and management, and strategic planning and
development..

Yibo Yang was elected as a director on November
30, 2023. Mr. Yang has been in the chemical industry for more than ten years. Mr. Yang is expected to contribute the Board’s vision
for the development of the Company.

Yang Zou was appointed
as