Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 43

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1A
Chunk 43
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 and results of operations may be adversely affected by government control over capital investments
or changes in tax regulations. In addition, in the past the Chinese government has implemented certain measures, including interest
rate adjustment, to control the pace of economic growth. These measures may cause decreased economic activity in the PRC, which may
adversely affect our business and operating results.

23 

China’s economic,
political and social conditions, as well as changes in any government policies, laws and regulations, could have a material adverse effect
on our business.

All of our
operations are located in China and substantially of our net revenues are derived from customers located in China. Accordingly, our business,
financial condition, results of operations, prospects and certain transactions we may undertake may be subject, to a significant extent,
to economic, political and legal developments in China.

China’s
economy differs from the economies of most developed countries in many respects, including the amount of government involvement, level
of development, growth rate, control of foreign exchange and allocation of resources. Although China’s economy has been transitioning
from a planned economy to a more market-oriented economy since the late 1970s, the PRC government continues to play a significant role
in regulating industry development by imposing industrial policies. The PRC government also exercises significant control over China’s
economic growth through allocating resources, controlling the incurrence and payment of foreign currency-denominated obligations, setting
monetary policy and providing preferential treatment to particular industries or companies. Changes in any of these policies, laws and
regulations could adversely affect the economy in China and could have a material adverse effect on our business.

The PRC government
has implemented various measures to encourage foreign investment and sustainable economic growth and to guide the allocation of financial
and other resources. However, we cannot assure you that the PRC government will not repeal or alter these measures or introduce new measures
that will have a negative effect on us. China’s social and political conditions may change and become unstable. Any sudden changes
to China’s political system or the occurrence of widespread social unrest could have a material adverse effect on our business and
results of operations.

You may experience
difficulties in effecting service of legal process, enforcing foreign judgments or bringing actions in China against us or our management
based on foreign laws.

We conduct
substantially all of our operations in China, and substantially all of our assets are located in China. In addition, our current officers
reside within China and are PRC