Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 139

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 9
Chunk 139
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’s common shares to satisfy the $1.00 minimum bid price required for continued listing on Nasdaq.
 On April 18, 2023, we received a notice letter from Nasdaq confirming that the Company had regained compliance with Nasdaq Listing Rule 5550(a)(2).
 On July 5, 2024, we received a deficiency letter from the Listing Qualifications Department (the “Staff”) of Nasdaq notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company’s Common Shares was below the minimum $1.00 per share requirement for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq rules, the Company was provided an initial period of 180 calendar days, or until January 2, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). The Company was unable to regain compliance with Nasdaq Listing Rule 5550(a)(2) by January 2, 2025.
 On January 3, 2025, Nasdaq granted the Company an additional 180 calendar days, or until June 30, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). Nasdaq's determination to grant the second compliance period was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on Nasdaq, with the exception of Nasdaq Listing Rule 5550(a)(2), and the Company's written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
 
D.   Selling Shareholders
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Not applicable.
 
E.   Dilution
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Not applicable.
 
F.   Expenses of the Issue
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Not applicable.