[ASSET PURCHASE AGREEMENT BETWEEN SHOUGUANG CITY HAOYUAN CHEMICAL COMPANY LIMITED, GULF RESOURCES, INC. AND CHENGYONG ZHAO DATED AS OF November 26, 2012 ---------------------------------------------------------------------------------- 1. Asset Checklist 2 This ASSET PURCHASE AGREEMENT (this "AGREEMENT") is entered into as of November 26, 2012 (the "Effective Date") by and between the following parties: (1) SHOUGUANG CITY HAOYUAN CHEMICAL COMPANY LIMITED, a company validly] [+86 (536) 567-0008 o o o o Item 1.01 Entry into a Material Definitive Agreement. In consideration for the Purchased Assets and for the value of the rights to the leased property located at Guantai Village, Shouguang City Yangkou Township (the “Leased Property”), SCHC shall pay to the Seller, An amount equal to RMB 6.2 million (approximately US $0.99 million)]