Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 13

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1
Chunk 13
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 relevant securities business shall, by strictly abiding by the relevant laws and regulations
of the PRC and this Confidentiality and Archives Provisions, institute a sound confidentiality and archives administration systems, take
necessary measures to fulfill confidentiality and archives administration obligations, and shall not divulge any national secrets, work
secrets of governmental agencies and harm national and public interests. Confidentiality and Archives Provisions provides that it is applicable
to initial public offerings as well as other types of securities listing of PRC domestic enterprises, and any future issuance of securities
and listing activities after the initial listing. Working papers generated in the PRC by securities companies and securities service providers
that provide relevant securities services for overseas issuance and listing of securities by domestic companies shall be kept in the PRC.
Confidentiality and Archives Provisions provide no explicit definition of working papers. In practice, the securities companies’
working papers usually refer to various important information and work records related to the securities business obtained and prepared
by the securities companies and securities service providers and their representatives in the whole process of the securities businesses,
such as due diligence work. Without the approval of relevant competent authorities, such as CSRC, MOF PRC National Administration of State
Secrets Protection, and National Archives Administration of China, depending on the nature and transmission method of secrets, it shall
not be transferred overseas. Where documents or materials need to be transferred outside of the PRC, it shall be subject to the approval
procedures in accordance with relevant PRC regulations. The relevant competent authorities, such as, CSRC, MOF, PRC National Administration
of State Secrets Protection, and National Archives Administration of China will regulate, supervise and inspect pursuant to their respective
statutory mandates over matters of Confidentiality and Archives Administration concerning overseas offering and listing by domestic companies.
As Confidentiality and Archives Administration is newly promulgated, there is substantial uncertainty regarding their specific requirements.
If we fail to comply with related laws and regulation, we may be subject to fine, confiscation, blocking transmission or criminal offense.
We have taken measures to adopt management systems for the compliance of Confidentiality and Archives Provisions. We believe our listing
does not involve in national secrets, work secrets of governmental agencies and undermine national and public interests. There is no assurance
that we will be able to meet all applicable regulatory requirements and guidelines, or comply with all applicable regulations at all times,
or that we will not be subject to fines or other penalties in the future as a result of regulatory inspections.

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