Company: GURE
Filing Date: 2025-12-31
Form Type: S-3/A
Source: 0001193805-25-001804
Chunk: 28

Company: GULF RESOURCES, INC.
Filing Date: 2025-12-31
Form: S-3/A
Chunk 28
---
-PRC resident enterprises are tax resident. Pursuant to the tax agreement between Mainland China and the Hong Kong Special Administrative Region, the withholding tax rate in respect to the payment of dividends by a PRC enterprise to a Hong Kong enterprise may be reduced to 5% from a standard rate of 10%. However, if the relevant tax authorities determine that our transactions or arrangements are for the primary purpose of enjoying a favorable tax treatment, the relevant tax authorities may adjust the favorable withholding tax in the future. Accordingly, there is no assurance that the reduced 5% withholding rate will apply to dividends received by our Hong Kong subsidiary from our PRC subsidiaries. This withholding tax will reduce the amount of dividends we may receive from our PRC subsidiaries. For the years ended December 31, 2022, 2023 and 2024, no assets other than cash were transferred through our organization. Although we do not have a formal cash management policy in place that dictates how funds shall be transferred between the Company, our subsidiaries or investors, cash transfers are made among the entities based on business needs in compliance of relevant PRC laws and regulations. Gulf Resources, Inc. is a holding company incorporated in Nevada, and we do not have any substantive operations other than indirectly holding the equity interests in our operating subsidiaries in China. The cash transfers within the organization during the above-referenced periods were as follows: The enforceability and treatment of the intercompany agreements within our organization, including the intercompany loan agreements describes above used in connection with intercompany cash transfers, have not been tested in court. The intercompany cash transfer have been eliminated on consolidation while preparing the consolidated financial statement. Please refer to Note 1 “Basis for Presentation and Consolidation” for consolidation principles set forth in the Company’s Annual Report on 10-K filed with the SEC on April 11, 2025. 13 Corporate Information Our principal executive offices are located at Level 11, Vegetable Building, Industrial Park of the East Shouguang City, Shandong, China. Our telephone number at this address is +86 (536) 567-0008. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Ave., Suite 204 Newark, Delaware 19711. Investors should submit any inquires to the address or through the telephone number of our principal executive officers. Our company website is www.gulfresourcesinc.com. The information contained on our website is not a part of this prospect