Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 34

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 34
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THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “” THE APPROVAL OF THE REVERSE SPLIT.

25

PROPOSAL 4

APPROVAL OF THE GULF RESOURCES INC. 2025 STOCK INCENTIVE PLAN</div>

The Company is seeking approval of the stockholders
to adopt the Company’s 2025 Stock Incentive Plan (the “2025 Plan”). The purpose of the 2025 Plan is to assist the Company
to attract, retain and provide incentives to employees and directors of, and consultants and advisers to, the Company and its subsidiaries.
If the 2025 Plan is approved, awards under the 2025 Plan will be limited in the aggregate to 2,000,000 shares of our common stock, inclusive
of the awards that were previously issued and outstanding under the Company’s 2019 Omnibus Equity Incentive Plan, as amended (the
“2019 Plan”). Upon adoption of this 2025 Plan, the 2019 Plan shall be frozen, no new awards shall be granted thereunder, and
outstanding awards thereunder shall continue to be governed by the terms and condition of the 2019 Plan and applicable award agreement.

Equity Compensation Plan Information

Pursuant to the 2019 Plan, the aggregate number
shares of the Company’s common stock available for grant of stock options and issuance is 10,341,989 shares. After the completion
of the 1-for-five reverse stock split of the Company’s common stock on January 27, 2020, there were 2,068,398 shares of Common Stock
authorized for issuance under the 2019 Plan.

As of October 12, 2021, the Company had 159,248
shares of Common Stock available for issuance under the 2019 Plan. As such, on November 30, 2021, the annual meeting of the Company’s
stockholders approved to increase the aggregate number of shares reserved and available for grant and issuance under the 2019 Plan to
1,059,248 shares. As of the date of this proxy statement, the number of shares of the Company’s common stock available for issuance
under the 2019 Plan is 1,801. shares.

The total number shares of common stock under the
2019 Plan, including shares originally authorized by equity holders and shares remaining for future issuance as of December 31, 2024,
is as follows:

| Plan category