Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 44

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 44
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 value of the underlying shares, and the Company generally will be entitled to a deduction for such amount.

A U.S. Participant generally does not recognize
income on the receipt of a performance stock award, performance unit award, restricted stock unit award or unrestricted stock award until
a cash payment or a distribution of shares is received thereunder. At such time, the U.S. Participant recognizes ordinary compensation
income equal to the excess, if any, of the fair market value of the shares or the amount of cash received over any amount paid therefor,
and the Company generally will be entitled to deduct such amount at such time.

A U.S. Participant who receives a restricted
stock award generally recognizes ordinary compensation income equal to the excess, if any, of the fair market value of such shares at
the time the restriction lapses over any amount paid for the shares. Alternatively, the U.S. Participant may make an election under Section
83(b) of the Code to be taxed on the fair market value of such shares at the time of grant. The Company generally will be entitled to
a deduction at the same time and in the same amount as the income that is required to be included by the U.S. Participant.

Vote Required and Recommendation of the Board of Directors

A majority of votes present in person or by proxy
is required to approve and adopt the Gulf Resources Inc. 2025 Stock Incentive Plan.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “” THE GULF RESOURCES INC. 2025 STOCK INCENTIVE PLAN

30

PROPOSAL 5

ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION</div>

We are submitting
to stockholders an advisory vote to approve the compensation paid to the Company’s named executive offices, as disclosed under the
caption Election of Directors—Executive Compensation, pursuant to Item 402 of Regulation S-K, compensation tables, and narrative
discussion.

The advisory
vote is not binding on the Company, the Board of Directors, or management; if executive compensation is not approved by a majority of
the votes cast, the Compensation Committee will take account of this fact when considering executive compensation in future years.

Vote Required and Recommendation of the Board of Directors

A majority of votes cast in person or by proxy is required
for advisory approval of executive compensation.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS
THAT YOU VOTE “” THE FOLLOWING ADVISORY