Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 541

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 541
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in Liu and Naihui Miao, who do not receive compensation in their capacity as
executive directors, for fiscal year 2024.

FISCAL YEAR 2024 DIRECTOR COMPENSATION

    Change in 

    Pension Value 

    and 

    Non-Equity 
    Nonqualified 

    Fees Earned 
    Stock 
    Option 
    Incentive Plan 
    Deferred 
    All Other

    or Paid in 
    Awards 
    Awards 
    Compensation 
    Compensation 
    Compensation
  
    Name 
    Cash ($) 
    ($)(1) 
    $ 
    ($) 
    Earnings ($) 
    ($)	Total ($)
  
    Ming Yang 
    $—  
     —  
     —  
     —  
     —  
    $— 
  
    Yibo Yang 
     10,016  
     —  
     —  
     —  
     —  
     10,016 
  
    Shitong Jiang 
     —  
     —  
     —  
     —  
     —  
     — 
  
    Yang Zou 
     —  
     —  
     —  
     —  
     —  
     — 
  
    Tengfei Zhang 
     —  
     —  
     —  
     —  
     —  
     — 
  
    Shengwei Ma 
     —  
     —  
     —  
     —  
     —  
     — 
  
    Dongshan Wang 
        
     —  
     —  
     —  
     —  
     — 

(1) Represents the dollar amount recognized for financial
statement reporting purposes in accordance with FASB ASC 718 – “Compensation – Stock Compensation.”

58 

Pursuant to the terms of their
director agreements, each of our independent directors, receive 1,000 shares of our restricted common stock on an annual basis. The grant
of restricted common stock is contingent upon the director’s continued service with the Company. We do not pay any cash compensation
to the independent directors.

Certain Relationships and Related
Transactions

It is our policy to not enter
any transaction (