Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 533

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 533
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 charter, which is available
at Company’s website, www.gulfresourcesinc.com.

Audit Committee

The Audit Committee is responsible
for reviewing the results and scope of the audit, and other services provided by our independent auditors, and reviewing and evaluating
our system of internal controls. Mr. Jiang is the Audit Committee Financial Expert as defined in Item 407(d)(5) of Regulation S-K promulgated
under the Securities Act, and the chair of the Audit Committee. Our Board of Directors has determined that Messrs. Jiang, Zou and Ma are
“independent directors” within the meaning of Rule 10A-3 under the Exchange Act, as determined based upon the criteria for
“independence” set forth in the rules of the NASDAQ Stock Market.

Compensation Committee

The Compensation Committee is
responsible for (a) reviewing and providing recommendations to the Board of Directors on matters relating to employee compensation and
benefit plans, and (b) assisting the Board in determining the compensation of the Chief Executive Officer and making recommendations to
the Board with respect to the compensation of the Chief Financial Officer, other executive officers of the Company and independent directors.
Each of Dongshan Wang, Shitong Jiang and Shengwei Ma are members of the Compensation Committee. The Compensation Committee operates under
a written charter. Mr. Wang is the Chairman of Compensation Committee.

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Nominating and Corporate Governance Committee

Our 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