Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 21

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 21
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| Naihui Miao, COO                             |     | —     |     | —                        |     | —      |     | —       |     | —                        |     | —      |     | —       |     | —                                                       |     | —                                |     | —                                |     | —                                        |

Narrative Discussion

The following employment agreements were entered into by
the Company and the named executive officers:

Xiaobin Liu

The employment agreement for Xiaobin Liu to serve
as Chief Executive Officer of the Company was renewed on June 1, 2025 with a term of three years. Xiaobin Liu is also a member of the
Board of Directors. Pursuant to the agreement, Mr. Liu’s service shall be compensated in the Company's shares only under the Company’s
equity incentive plan.

Min Li

The employment
agreement for Min Li to serve as Chief Financial Officer of the Company was renewed on January 1, 2025 with a term of one year. Pursuant
to the agreement, Mr. Li shall receive annual cash compensation equal to approximately $18,500 subject to changes in the foreign exchange
rate and market conditions and be compensated in the Company’s shares under the Company’s equity incentive plan.

Naihui Miao

The employment
agreement for Naihui Miao to serve as Chief Operating Officer of the Company was renewed on June 1, 2025 with a term of three years. Mr.
Miao is also a member of the Board of Directors. Pursuant to the agreement, Mr. Miao shall receive annual cash compensation equal to approximately
$18,500 subject to changes in the foreign exchange rate and market conditions, and be compensated in the Company’s shares under
the Company’s equity incentive plan.

In addition,
each of our named executive officers is entitled to participate in any and all benefit plans from time to time, in effect for employees,
along with vacation, sick and holiday pay in accordance with policies established and in effect from time to time.

Assuming the
employment of the Company’s named executive officers was to be terminated without cause or for good reason or in the event of change
in control, as of December