Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 132

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1A
Chunk 132
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 be subject to various government and regulatory interference in the provinces in which they operate. The Company could be subject
to regulation by various political and regulatory entities, including various local and municipal agencies and government sub-divisions.
The Company may incur increased costs necessary to comply with existing and newly adopted laws and regulations or penalties for any failure
to comply. Additionally, the governmental and regulatory interference could significantly limit or completely hinder our ability to offer
or continue to offer securities to investors and cause the value of such securities to significantly decline or be worthless.

Furthermore, it is uncertain when and whether
the Company will be required to obtain permission from the PRC government to list on U.S. exchanges in the future, and even when such
permission is obtained, whether it will be denied or rescinded. Although the Company is currently not required to obtain permission from
any of the PRC federal or local government to obtain such permission and has not received any denial to list on the U.S. exchange, our
operations could be adversely affected, directly or indirectly, by existing or future laws and regulations relating to its business or
industry.

On February 17, 2023, the CSRC promulgated Trial
Administrative Measures of the Overseas Securities Offering and Listing by Domestic Companies (the “Overseas Listing Trial Measures”)
and five relevant guidelines, which became effective on March 31, 2023.According to the Overseas Listing Trial Measures, PRC domestic
companies that seek to offer and list securities in overseas markets, either in direct or indirect means, are required to fulfill the
filing procedure with the CSRC and report relevant information. The Overseas Listing Trial Measures provides that an overseas listing
or offering is explicitly prohibited, if any of the following: (1) such securities offering and listing is explicitly prohibited by provisions
in laws, administrative regulations and relevant state rules; (2) the intended securities offering and listing may endanger national security
as reviewed and determined by competent authorities under the State Council in accordance with law; (3) the domestic company intending
to make the securities offering and listing, or its controlling shareholder(s) and the actual controller, have committed relevant crimes
such as corruption, bribery, embezzlement, misappropriation of property or undermining the order of the socialist market economy during
the latest three years; (4) the domestic company intending to make the securities offering and listing is currently under investigations
for suspicion of criminal offenses or major violations of laws and regulations, and no conclusion