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

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 25
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 Mr. Ming Yang, the Chairman of the Company, had a 99% equity interest
in the Seller that time. During the first quarter of 2018, the Company entered into an agreement with the Seller, a related party, to
provide property management services for an annual amount of approximately $87,927 for five years from January 1, 2023 to December
31, 2027. The expense associated with this agreement for the year ended December 31, 2024 was $87,821. The expense associated with this
agreement for the year ended December 31, 2023 was $88,049.

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| a) | Related parties |

| Name of related parties | Position                |
| YangMing                | Shareholder             |
| LiuXiaoBin              | Chief Executive Officer |

| LiMin                                     | Chief Financial Officer          |
| MiaoNaiHui                                | Chief Operating Officer          |
| Chengdu Dianjinshi Culture media Co., LTD | Affiliated with company officers |

| b)                             |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Amount due to related parties: |     |   |              |     |   |              |
| YangMing                       |     | $ |      410,350 |     | $ |      416,484 |
| LiuXiaoBin                     |     |   |      887,214 |     |   |      887,214 |
| LiMin                          |     |   |      636,264 |     |   |      641,480 |
| MiaoNaiHui                     |     |   |      650,980 |     |   |      641,480 |
| Total                          |     | $ |    2,584,808 |     | $ |    2,586,658 |

| c)                                        |     | December 31, 
 2024         |        |     | December 31, 
 2023         |   |
|:------------------------------------------|:----|:-------------|-------:|:----|:-------------|:--|
| Amount due from related party:            |     |              |        |     |              |   |
| Chengdu