Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 30

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 30
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 Common Stock. The Reverse Split
will affect all of our shareholders uniformly and will not affect any shareholder’s percentage ownership interests in the Company,
except to the extent that the Reverse Split results in any of our shareholders owning a fractional share. As described below, shareholders
and holders of options and warrants holding fractional shares will have their shares rounded up to the nearest whole number. Common Stock
issued pursuant to the Reverse Split will remain fully paid and non-assessable.

Fractional Shares. No scrip or fractional
share certificates will be issued in connection with the Reverse Split. Shareholders who otherwise would be entitled to receive fractional
shares because they hold a number of Old Shares not evenly divisible by the one (1) for five (5) reverse stock split ratio, will be entitled,
upon surrender of certificate(s) representing these shares, to a number of shares of New Shares rounded up to the nearest whole number.
The ownership of a fractional interest will not give the shareholder any voting, dividend or other rights except to have his or her fractional
interest rounded up to the nearest whole number when the New Shares are issued.

Options and Warrants. All outstanding
options, warrants, notes, debentures and other securities convertible to Common Stock will be adjusted as a result of the Reverse Split,
as required by the terms of these securities. In particular, the conversion ratio for each instrument will be reduced, and the exercise
price, if applicable, will be increased, in accordance with the terms of each instrument and based on the one-for-four ratio.

Authorized Shares. The Company is presently
authorized under its Articles of Incorporation to issue 80,000,000 shares of Common Stock. Upon effectiveness of the Reverse Split, the
number of authorized shares of Common Stock would remain the same, although the number of shares of Common Stock issued and outstanding
will decrease. Because the number of issued and outstanding shares of Common Stock will decrease, the number of shares of Common Stock
remaining available for issuance will increase. The issuance in the future of additional shares of our Common Stock may have the effect
of diluting the earnings per share and book value per share, as well as the stock ownership and voting rights of the currently outstanding
shares of our Common Stock. The effective increase in the number of authorized but unissued and unreserved shares of the Company’s
Common Stock may be construed as having an anti-takeover effect as further discussed below. Authorized but unissued shares will be available
for issuance, and we may issue such shares in