Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 38

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1A
Chunk 38
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 to impose new requirements for approval from the PRC Authorities to issue our common stock to foreign investors or list on a foreign
exchange, such action 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.

As of the
date of this annual report, we and our PRC subsidiaries, (1) are not required to obtain permissions from any PRC authorities to operate
or issue our common stock to foreign investors, (2) are not subject to permission requirements from the CSRC, CAC or any other entity
that is required to approve of our PRC subsidiaries’ operations, and (3) have not received or were denied such permissions by any
PRC authorities. Nevertheless, the General Office of the Central Committee of the Communist Party of China and the General Office of the
State Council jointly issued the “Opinions on Severely Cracking Down on Illegal Securities Activities According to Law,” or
the Opinions, which were made available to the public on July 6, 2021. The Opinions emphasized the need to strengthen the administration
over illegal securities activities, and the need to strengthen the supervision over overseas listings by Chinese companies. Given the
current PRC regulatory environment, it is uncertain when and whether we or our PRC subsidiaries, 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or rescinded. We have been closely monitoring regulatory developments in China regarding any necessary approvals from the CSRC or other
PRC governmental authorities required for overseas listings. As of the date of this annual report, we have not received any inquiry, notice,
warning, sanctions or regulatory objection to listing on U.S. exchange from the CSRC or other PRC governmental authorities. However, there
remains significant uncertainty as to the enactment, interpretation and implementation of regulatory requirements related to overseas
securities offerings and other capital markets activities.

On February
17, 2023, the CSRC released the Trial Administrative Measures for Administration of Overseas Securities Offerings and Listings by Domestic
Companies (the “Trial Measures”) and five supporting guidelines, which came into effect on March 31, 2023. Pursuant to the
Trial Measures, domestic companies that seek to offer or list securities overseas, both directly and indirectly, should fulfill the filing
procedures and report relevant information to the CS