Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 21

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 21
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 closing of the acquisition in accordance with the Zimbabwe SPA, including but not limited to obtaining requisite
governmental approvals, the parties entered into the Amendment Agreement to extend the long stop date for closing the acquisition from
December 31, 2023 to December 31, 2024. On December 31, 2024, the Company entered into the Amendment Agreement II to further extend the
long stop date for closing the acquisition from December 31, 2024 to December 31, 2025.

The foregoing description of the Zimbabwe SPA, the
Amendment Agreement and the Amendment Agreement II, is only a summary and is qualified in its entirety by reference to the sale and purchase
agreement dated February 27, 2023, the amendment agreement to the sale and purchase agreement dated December 22, 2023, and the second
amendment agreement to the sale and purchase agreement dated December 31, 2024 by and among the Company, Feishang Group Limited, Top Pacific
(China) Limited, Li Feilie, and Yao Yuguang, a copy of each of which is incorporated by reference as Exhibit 4.17, Exhibit 4.20 and Exhibit
4.23 in our annual report on Form 20-F for the fiscal year ended December 31, 2024.

We continuously pivot our business by exploring new
opportunities for growth or diversification. Between July 2021 and July 2023, we also engaged in the rural wastewater treatment business
in China through the acquisition of PST Technology, which held 51% equity interest of Shanghai Onway, a PRC company which is principally
engaged in the development of rural wastewater treatment technologies, the provision of equipment and materials for rural wastewater treatment,
undertaking EPC and PPP projects in relation to rural wastewater treatment, and the provision of consulting and professional technical
services. We ceased the wastewater treatment business segment following the disposition of PST Technology in July 2023.

Acquisition and Sale of PST Technology

We diversified our business
by entering the environmental protection sector, which provides compelling synergies with our current operations, through the acquisition
of PST Technology. On July 27, 2021, the Company entered into a Sale and Purchase Agreement with Li Feilie, pursuant to which the Company
issued three million restricted common shares, no par value, and transferred 120 million shares of FARL, as well as approximately CNY10.3
million (US$1.