| RELATED PARTY TRANSACTIONS |
NOTE
11– RELATED PARTY TRANSACTIONS
| Name
of related parties |
|
Position |
| Ming
Yang |
|
Shareholder |
| XiaoBin
Liu |
|
Chief
Executive Officer |
| Min
Li |
|
Chief
Financial Officer |
| NaiHui
Miao |
|
Chief
Operating Officer |
| Chengdu
Dianjinshi Culture media Co., LTD |
|
Affiliated
with company officers |
b)
SCHEDULE
OF RELATED PARTY TRANSACTIONS
| | |
March
31,
2026 | | |
December
31,
2025 | |
| Amount
due to related parties: | |
| | | |
| | |
| Ming
Yang | |
$ | 426,305 | | |
$ | 419,671 | |
| XiaoBin
Liu | |
| 887,214 | | |
| 887,214 | |
| Min
Li | |
| 302,736 | | |
| 302,498 | |
| NaiHui
Miao | |
| 287,448 | | |
| 287,448 | |
| Total | |
$ | 1,903,703 | | |
$ | 1,896,831 | |
| Amount
due to related parties | |
| 1,903,703 | | |
| 1,896,831 | |
c)
| | |
March
31,
2026 | | |
December
31,
2025 | |
| Amount
due from related parties: | |
| | | |
| | |
| Chengdu
Dianjinshi Culture media Co., LTD | |
$ | 15,897 | | |
$ | 22,763 | |
| Total | |
$ | 15,897 | | |
$ | 22,763 | |
GULF
RESOURCES, INC.
AND
SUBSIDIARIES
NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
MARCH
31, 2026
(Expressed
in U.S. dollars)
(UNAUDITED)
|