Company: GURE
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001193805-25-001103
Chunk: 33

Company: GULF RESOURCES, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 33
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. federal non-income
tax laws, such as gift or estate tax laws, or the laws of any state, local or foreign jurisdiction. In addition, the discussion does not
consider the tax treatment of partnerships or other pass-through entities or persons who hold stock of the Company through such entities.

The following discussion is based upon the Code,
U.S. Treasury Department regulations promulgated thereunder, published rulings of the Internal Revenue Service (the “IRS”)
and judicial decisions now in effect, all of which are subject to change or to varying interpretation at any time. Any such changes or
varying interpretations may also be applied retroactively. The following discussion has no binding effect on the IRS or the courts.

<div align='center'>24</div>

No gain or loss should be recognized by a U.S.
shareholder upon such shareholder’s deemed exchange of Old Shares for New Shares pursuant to the Reverse Split. The aggregate tax
basis of the New Shares received in the Reverse Split should be the same as such shareholder’s aggregate tax basis in the Old Shares
being exchanged, and the holding period of the New Shares should include the holding period of such shareholder in the Old Shares.

Because of the complexity of the tax laws and because the tax consequences to the Company or to any particular shareholder may be affected by matters not discussed herein, shareholders are urged to consult their own tax advisors as to the specific tax consequences to them in connection with the Reverse Split, including tax reporting requirements, the applicability and effect of foreign, U.S. federal, state and local and other applicable tax laws and the effect of any proposed changes in the tax laws.

Dissenters’ Rights of Appraisal

We are a Nevada corporation and are governed by
the Nevada Revised Statutes. Holders of the Company’s Common Stock will not have appraisal or dissenter’s rights under Nevada
law in connection with the Reverse Split.

Interest of Certain Persons in Matters to be Acted Upon

No director, executive officer, associate of any
director or executive officer or any other person has any substantial interest, direct or indirect, by security holdings or otherwise,
in the Reverse Split that is not shared by all other shareholders of ours.

Vote Required and Recommendation of the Board of Directors

Pursuant to the Nevada Revised Statutes, the affirmative
vote of the holders of a majority of Common Stock entitled to vote at the Annual Meeting is required to approve the Reverse Split.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS
A VOTE “”