Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 18

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 18
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 the Company’s overall performance and the contributions of the
executive officers during the relevant period.

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Equity Incentive Compensation.
A key element of our pay-for-performance philosophy is our reliance on performance-based equity awards through the Company’s stock
option plan. This program aligns executives’ and shareholders’ interests by providing executives an ownership stake in the
Company. Our Compensation Committee has the authority to award equity incentive compensation, i.e. stock options, to our executive officers
in such amounts and on such terms as the Compensation Committee determines in its sole discretion. The Compensation Committee reviews
each executive’s individual performance and his or her contribution to our strategic goals and determines the amount of stock options
to be awarded towards the end of the fiscal year. The Compensation Committee grants equity incentive compensation at times when there
are not material non-public information to avoid timing issues and the appearance that such awards are made based on any such information.
The exercise price is the closing market price on the date of the grant.

Other Compensation. We provide
our executives with certain other benefits, including reimbursement of business and entertainment expenses, health insurance, vacation
and sick leave plan. The Compensation Committee in its discretion may revise, amend or add to the officer’s executive benefits as
it deems necessary. We believe that these benefits are typically provided to senior executives of similar companies in China and in the
U.S.

The following table sets forth information
regarding compensation of the named executive officers for each of the two fiscal years in the period ended December 31, 2024.

FISCAL YEAR 2024 COMPENSATION TABLE

| Name and           
 Principal Position |     | Year |      |     | Salary ($) |        |     | Bonus($) |   |     | Stock Awards($) |        |    |     | Option Awards$(1) |   |     | Non-Equity Incentive Plan Compensation ($) |   |     | Nonqualified Deferred Compensation Earnings ($) |   |     | All Other Compensation 
 ($)                    |   |     | Total ($) |        |
| Xiaobin Liu        |     |      | 2023 |     |            |      — |     |          | — |     |                 | 61,200 | -1 |     |                   | — |     |                                            | — |     |                                                 | — |     |                        | — |     |           | 61,200 |
| CEO                |     |      | 2024