Company: GURE
Filing Date: 2025-07-16
Form Type: PRE 14A
Source: 0001193805-25-001026
Chunk: 46

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-16
Form: PRE 14A
Chunk 46
---
.gov. The Company’s Annual Report on Form 10-K is available on our website at
www.gulfresourcesinc.cn.

STOCKHOLDERS
SHOULD RELY ONLY ON THE INFORMATION CONTAINED IN THIS PROXY STATEMENT TO VOTE THEIR SHARES AT THE ANNUAL MEETING. NO ONE HAS BEEN AUTHORIZED
TO PROVIDE ANY INFORMATION THAT IS DIFFERENT FROM WHAT IS CONTAINED IN THIS PROXY STATEMENT. THIS PROXY STATEMENT IS DATED [●],
2025. STOCKHOLDERS SHOULD NOT ASSUME THAT THE INFORMATION CONTAINED IN THIS PROXY STATEMENT IS ACCURATE AS OF ANY DATE OTHER THAN THAT
DATE, UNLESS OTHERWISE DISCLOSED.

<div align='center'>32</div>

IT IS
IMPORTANT THAT PROXIES BE RETURNED PROMPTLY. WE URGE YOU TO FILL IN, SIGN AND RETURN THE FORM OF PROXY IN THE PREPAID ENVELOPE PROVIDED,
NO MATTER HOW LARGE OR SMALL YOUR HOLDINGS MAY BE.

By Order of the Board of Directors,

Xiaobin Liu

Chairman of the Board of Directors

Dated: , 2025

<div align='center'>33

GULF RESOURCES, INC.

2025 STOCK INCENTIVE PLAN</div>

Gulf Resources, Inc. 2025 Stock Incentive Plan

<div align='center'>GULF RESOURCES, INC.

2025 STOCK INCENTIVE PLAN

ARTICLE I

PURPOSE</div>

The purpose
of this 2025 Stock Incentive Plan (the “”) is to benefit Gulf Resources, Inc., a Nevada corporation (the “”)
and its stockholders, by assisting the Company and its subsidiaries to attract, retain and provide incentives to key management employees,
directors, and consultants of the Company and its Affiliates, and to align the interests of such service providers with those of the Company’s
stockholders. Accordingly, the Plan provides for the granting of Non-qualified Stock Options, Incentive Stock Options, Restricted Stock
Awards, Restricted Stock Unit Awards, Stock Appreciation Rights, Performance Stock Awards, Performance Unit Awards, Unrestricted Stock
Awards, Distribution Equivalent Rights or any combination of the foregoing.

<div align='center'>ARTICLE II

DEFINITIONS</div>

The following definitions shall be applicable throughout
the Plan unless the context otherwise requires:

2.1“” shall mean any corporation which, with respect to the Company, is a “subs