Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 701

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 13
Chunk 701
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Securities Authorized for Issuance under Equity Compensation Plans

As of December 31, 2024, our 2019
Equity Incentive Plan was in effect.

The following table provides information as of December 31, 2024 about
our equity compensation plans and arrangements.

    Number of securities

    remaining available for

    Number of securities to
    Weighted-average
    future issuance under

    be issued upon exercise
    exercise price of
    equity compensation plans

    of outstanding options,
    outstanding options,
    (excluding securities
  
    Plan category	
    warrants and rights
    warrants and rights
    reflected in column (a))
  
    (a)
     
    (b)
    (c)
  
    Equity compensation plans approved by security	
    --
    --
    561,801
  
    Equity compensation plans not approved by	
    --
    --
    --
  
    Total	
    --
    --
    561,801

Item 13. Certain Relationships and Related Transactions,
Director Independence

Certain Relationships and Related Transactions

Our policy is that a contract
or transaction either between the Company and a director, or between a director and another company in which he is financially interested
is not necessarily void or void-able if the relationship or related party transactions are approved or ratified by the Audit Committee.

We had not entered into any transactions
with any related 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