Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 31

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1
Chunk 31
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 at the rate of 16% of the
average monthly salary. In addition, we are required by Chinese law to cover employees in China with other types of social insurance.
We have purchased social insurance for almost all of our employees. Expense related to social insurance was approximately $535,475 for
fiscal year 2024.

18 

Health and Safety

The success of our business is
fundamentally connected to the well-being of our people. Accordingly, we are committed to the health, safety and wellness of our employees.
We provide our employees and their families with access to a variety of flexible and convenient health and welfare programs, including
benefits that support their physical and mental health by providing tools and resources to help them improve or maintain their health
status; and that offer choice where possible so they can customize their benefits to meet their needs and the needs of their families.
In response to the COVID-19 pandemic, we implemented significant operating environment changes that we determined were in the best interest
of our employees, as well as the communities in which we operate, and which comply with government regulations. This includes having the
vast majority of our employees work from home, while implementing additional safety measures for employees continuing critical on-site
work.

Talent

A core tenet of our talent system
is to both develop talent from within and supplement with external hires. This approach has yielded loyalty and commitment in our employee
base which in turn grows our business, our products, and our customers, while adding new employees and external ideas supports a continuous
improvement mindset and our goals of a diverse and inclusive workforce. Our talent acquisition team uses internal and external resources
to recruit highly skilled and talented workers in the PRC, and we encourage employee referrals for open positions.

Available Information

We make available free of charge
on or through our internet website, www.gulfresourcesinc.com, our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, including exhibits, and all amendments to those reports, if any, filed or furnished pursuant to Section 13(a) or
15(d) of the Securities Exchange Act of 1934 as soon as reasonably practicable after they are electronically filed with, or furnished
to, the Securities and Exchange Commission. The SEC maintains an Internet site that contains reports, proxy and information statements,
and other information regarding issuers like our Company that file electronically with the SEC at http://www.sec.gov. The information