Company: GURE
Filing Date: 2025-09-22
Form Type: S-3/A
Source: 0001193805-25-001326
Chunk: 25

Company: GULF RESOURCES, INC.
Filing Date: 2025-09-22
Form: S-3/A
Chunk 25
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 we pay to our non-PRC resident shareholders may be regarded
as China-sourced income and as a result, may be subject to PRC withholding tax at a rate of up to 10.0%.

We can give no assurance that we will declare
dividends of any amounts, at any rate or at all in the future. The declaration of future dividends, if any, will be at the discretion
of our board of directors and will depend upon our future operations and earnings, capital requirements, general financial conditions,
legal and contractual restrictions and other factors that our board of directors may deem relevant.

PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from making loans or additional capital contributions to our PRC Subsidiaries..

We are a U.S. based company conducting all of
our operations in China. We may make loans to our PRC subsidiaries subject to the approval, registration, and filing with governmental
authorities and limitation of amount, or we may make additional capital contributions to our subsidiaries in China and Hong Kong. Any
loans to our wholly foreign-owned subsidiaries in mainland China, which are treated as foreign-invested enterprises under PRC law, are
subject to foreign exchange loan registrations. In light of the various requirements imposed by PRC regulations on loans to and direct
investment in PRC entities by offshore holding companies, we cannot assure you that we will be able to complete the necessary government
registrations or obtain the necessary government approvals or filings on a timely basis, if at all, with respect to future loans by us
to our PRC Subsidiaries or with respect to future capital contributions by us to our PRC Subsidiaries. If we fail to complete such registrations
or obtain such approvals, our ability to use the proceeds from this offering and to capitalize or otherwise fund our Chinese operations
may be negatively affected.

Fluctuations in exchange rates could have a material and adverse effect on our results of operations and the value of your investment.

The value of the Renminbi against the U.S. dollar
and other currencies may fluctuate and is affected by, among other things, changes in political and economic conditions and the foreign
exchange policy adopted by the PRC government. It is difficult to predict how long such appreciation of RMB against the U.S. dollar may
last and when and how the relationship between the RMB and the U.S. dollar may change again. All