Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 61

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 61
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of PST Technology as determined by the independent valuation report dated July 28, 2023; and (ii) CNY129,958,419, the book value of PST
Technology’s outstanding payable owed to us. After PST Technology’s disposition, we discontinued the operation in wastewater
treatment segment and continue engaging in the exploration and mining business. This divestiture may adversely affect our business, results
of operations or financial condition if we are unable to offset the dilutive impacts from the loss of revenue associated with the divested
waste water treatment business, or otherwise achieve the anticipated benefits or cost savings from the divestiture.

In addition,
we may divest in the future businesses as part of ongoing efforts to refine our portfolio and redefine our strategic priorities. We may
not be able to successfully achieve the expected benefits of such divestitures and such divestitures may not have the desired effect of
enhancing the status of our portfolio of businesses. Our divestitures could result in exposure to contingent or unexpected liabilities,
such as litigation, indemnification claims, regulatory claims and earn-out obligations. Furthermore, businesses under consideration for,
or otherwise subject to, divestiture may be adversely impacted prior to completion of the divestiture, which could adversely affect our
business, results of operations or financial condition.

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Risks Related to the Potential Closing of the Acquisition of Williams Minerals and the Timing of Such Closing

There may be unforeseen risks relating to the Acquisition that were not discovered by us through our due diligence investigation prior to our Acquisition.

Although we
have conducted due diligence in connection with the Acquisition, and such due diligence investigation concluded on April 14, 2023, an
unavoidable level of risk remains regarding any undisclosed or unknown issues concerning the prospects of the Zimbabwean lithium mine,
including the actual presence and extraction of minerals therein. We may learn additional information about the Zimbabwean lithium mine
that could materially adversely affect us. There may be unforeseen risks relating to our ability to locate and execute on strategic opportunities;
the presence of lithium or precious minerals in the Zimbabwean lithium mine; the vesting of the legal possession and control of the relevant
regions of the Zimbabwean mine and the timing thereof; the level of demand for lithium and other precious minerals; and the availability
of internally generated funds and funds for the payment of operating expenses, capital expenditures and the Company’s growth strategy.

Completion of the Acquisition is conditional upon satisfaction or waiver of various conditions. There can be no