Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 27

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 27
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 the audit or review of our financial
statements and are not reported above under Audit Fees. This category includes accounting consultations on transaction and proposed transaction
related matters. There were no such fees incurred by the Company in the years ended December 31, 2024 and 2023.

Tax Fees

The tax fee of $nil and $nil relate to tax compliance
services rendered in each of the years ended December 31, 2024 and 2023.

All Other Fees

There are no other fees to disclose.

Pre-Approval of Services

The Audit
Committee appoints the independent accountant each year and pre-approves the audit services. The Audit Committee chair is authorized to
pre-approve specified non-audit services for fees not exceeding specified amounts, if he promptly advises the other Audit Committee members
of such approval.

Vote Required and Recommendation of the Board of Directors

A majority of votes present in person or by proxy is required
to ratify the appointment of the independent accountants.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS
THAT YOU VOTE “” RATIFICATION OF THE APPOINTMENT OF THE INDEPENDENT ACCOUNTANTS.

21

PROPOSAL 3

APPROVAL TO EFFECT A REVERSE SPLIT OF THE COMPANY’S COMMON STOCK</div>

Purpose of the Proposed Reverse Stock Split

The Company’s Board of Directors has determined
that it is in our best interest to effect a reverse split of our Common Stock of one (1) share for a to-be-determined number of shares
within a spectrum of two (2) to ten (10) shares, so that, subject to the discretion of the Board of Directors, every two (2) to ten (10)
outstanding shares of Common Stock before the stock split shall represent one (1) share of Common Stock after the stock split with all
fractional shares rounded up to the next whole share (the “Reverse Split”). The Company’s shareholders are voting to
give the Board of Directors discretion in ultimately selecting what the reverse stock split ratio will be. The Board of Directors believes
that our Common Stock is undervalued and that the Reverse Split will allow the Company’s Common Stock to trade in a more realistic
price range.

Additionally, the Board believes that the Reverse
Split could help satisfy the $1.00 minimum bid price requirement (the "Minimum Bid Requirement"), as set forth in Nasdaq Listing
Rule 5550(a)(2) (the "Rule"), for continued