Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 16

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 16
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 including but not limited to obtaining requisite governmental approvals, the parties entered into the
Amendment Agreement dated December 22, 2023 to extend the long stop date for closing the acquisition from December 31, 2023 to
December 31, 2024. In addition, the parties entered into a second amendment agreement on December 31, 2024 (the “Amendment
Agreement II”) to further extend the long stop date for closing the acquisition from December 31, 2024 to December 31, 2025.
See. “Corporate History and Structure – Acquisition of Williams Minerals.”

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Sale of Precise Space-Time Technology Limited On July 28, 2023, the Company entered into a Sale and Purchase Agreement (“SPA”) with Feishang Group Limited (“Feishang Group”). Pursuant to the SPA, the Company agreed to sell 100% equity interest of Precise Space-Time Technology Limited to Feishang Group, together with PST Technology’s outstanding payable owed to the Company, for consideration of approximately CNY95,761,119 comprising: (i) CNY-34,197,300, the fair value of 100% equity interest of PST Technology as determined by the independent valuation report dated July 28, 2023; (ii) CNY129,958,419, the book value of PST Technology’s outstanding payable owed to the Company. PST Technology, through its wholly owned subsidiaries, owns a 51% equity interest in Shanghai Onway and Shanghai Onway’s subsidiaries which are 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. After PST Technology’s disposition, the Company discontinued the operation in wastewater treatment segment and continue engaging in the exploration and mining business. See, “Corporate History and Structure – Acquisition and Sale of Precise Space-Time Technology Limited” Summary of Risk Factors Investing in our Common Shares involves significant risks. You should carefully consider all of the information in this prospectus before making an investment in our Common Shares. Below please find a summary of the principal risks we face, organized under relevant headings. These risks are discussed more comprehensively in the section titled “Risk Factors.” Risks Relating to Our PRC Operations and Doing Business in the PRC

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 in China’s economic, political or social conditions or government policies could have