Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 28

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 28
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 information; |

| · |     | we are not required to comply with the sections of the Exchange                                                                        
 Act regulating the solicitation of proxies, consents or authorizations in respect of a security registered under the Exchange Act; and |

| · |     | we are not required to comply with Section 16 of the Exchange                                                                        
 Act requiring insiders to file public reports of their share ownership and trading activities and establishing insider liability for 
 profits realized from any “short-swing” trading transaction.                                                                         |

Recent Development On July 5, 2024, we received a deficiency letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Capital Market (“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) (the “Bid Price Requirement”). In accordance with Nasdaq rules, the Company was provided an initial period of 180 calendar days, or until January 2, 2025 (the “Compliance Date”), to regain compliance with the Bid Price Requirement. The Company was unable to regain compliance with the Bid Price Requirement 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 the Bid Price Requirement. 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 the Bid Price Requirement, 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. To regain compliance, the bid price of the Company's Common Shares must close at or above $1.00 per share for a minimum of ten consecutive trading days at any time during the second 180-day compliance period. The Company intends to monitor the closing bid price of its common shares and may, if appropriate, consider implementing available options. There can be no assurance that the Company will be able to regain compliance with the Bid Price Requirement or maintain compliance with the other listing requirements necessary for the Company to maintain the listing of its common shares on Nasdaq. There can be no assurance that we will regain compliance with the Bid Price Requirement during the