Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 676

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 9C
Chunk 676
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 person had or will have a direct or indirect material interest (other than compensation described under "Executive
Compensation") and the amount involved exceeded or exceeds the lesser of $120,000 and 1% of the average of our total assets at December
31, 2023 and 2024. 

Procedures for Approval of Related Party Transactions

Our Board of Directors is charged
with reviewing and approving all potential related party transaction whether or not such transactions exceed $120,000. We have not adopted
other procedures for review, or standards for approval, of such transactions, but instead review them on a case-by-case basis.

Director Independence

The Board has determined that
Yang Zou, Shengwei Ma, Shitong Jiang and Dongshan Wang are “independent” under the current independence standards of Rule
5605(a)(2) of the Marketplace Rules of The Nasdaq Stock Market, LLC and meet the criteria set forth in Rule 10A(m)(3) under the U.S. Securities
Exchange Act of 1934, as amended.

Item 14. Principal Accounting Fees and Services
Audit Fees

Our independent
public accounting firm is GGF CPA LTD. , Level 3, Shop 119 No. 20, Jingang Avenue, Nansha District, Guangzhou, Guangdong , PCAOB Auditor
ID 2729.

The aggregate fees billed to the Company by its principal
accountant for the last two fiscal years were as follows:

    Fees
    2023
    2024
  
    Audit Fees
    $	188,000
    $	188,000
  
    Audit Related Fees
    —
    —
  
    Tax Fees
    —
    —
  
    All Other Fees
    —
    —
  
    Total
    188,000
    188,000

This category consists of fees
for the audit of our annual financial statements, review of the financial statements included in our quarterly reports on Form 10-Q and
services that are normally provided by the independent registered public accountants in connection with statutory and regulatory filings
or engagements for those fiscal years.

Audit Fees

This category consists of fees
for the audit of our annual financial statements, review of the financial statements included in our quarterly reports on Form 10-Q and
services that are normally provided by the independent registered public accountants in connection with statutory and regulatory filings
or engagements for those fiscal years.

60 

Audit-Related Fees