Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 125

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 4
Chunk 125
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 establishes
the manner of the PCAOB’s determinations; the factors the PCAOB will evaluate and the documents and information it will consider
when assessing whether a determination is warranted; the form, public availability, effective date, and duration of such determinations;
and the process by which the PCAOB will reaffirm, modify or vacate any such determinations. In November 2021, the SEC announced that it
had approved Rule6100. In December 2021, the SEC adopted amendments to finalize rules implementing the submission and disclosure requirements
int he HFCAA for Commission-Identified Issuers, which became effective on January 10, 2022. In addition, the PCAOB issued a Determination
Report, pursuant to PCAOB Rule 6100, which found that the PCAOB is unable to inspect or investigate completely registered public accounting
firms headquartered in mainland China and Hong Kong because of positions taken by Chinese authorities in those jurisdictions. The SEC
began to identify Commission- Identified Issuers for fiscal years beginning after December 18, 2020. A Commission-Identified Issuer will
be required to comply with the submission and disclosure requirements in the annual report for each year in which it was so identified.
If an issuer is identified as a Commission-Identified Issuer based on its annual report for the fiscal year ended December 31, 2021, the
issuer will be required to comply with the submission or disclosure requirements in its annual report for the fiscal year ended December
31, 2022. If we are identified as a Commission-Identified Issuer that uses an auditor not subject to PCAOB inspection for three consecutive
years, or, if the AHFCAA or the America COMPETES Act is passed, two consecutive years, our securities may be delisted from Nasdaq as a
result. Delisting of our securities would force holders of our securities to sell their securities. Further, we may be prohibited from
listing our securities on another U.S. securities exchange, making our shares harder to trade for the investors, potentially reducing
demand and lowering our share price. The market price of our securities could be adversely affected as a result of anticipated negative
impacts of such legislative or executive actions upon, as well as negative investor sentiment toward, companies with significant operations
in mainland China and Hong Kong that are listed in the United States, regardless of whether such actions are implemented and regardless
of our actual operating performance.

Our auditor, GGF CPA