Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 68

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 68
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, administrative
regulations or provisions prescribed by the State Council.

On December 26, 2019, the
State Council issued Implementation Regulations for the Foreign Investment Law of the PRC (the “Implementation Rules”) which
came into effect on January 1, 2020, and replaced the Implementing Rules of the Sino-foreign Equity Joint Ventures Enterprises Law of
the PRC, the Implementing Rules of the Sino-foreign Co-operative Enterprises Law of the PRC and the Implementing Rules of the Wholly
Foreign-invested Enterprise Law of the PRC. According to the Implementation Rules, in the event of any discrepancy between the Foreign
Investment Law, the Implementation Rules and the relevant provisions on foreign investment promulgated prior to January 1, 2020, the
Foreign Investment Law and the Implementation Rules shall prevail. The Implementation Rules also set forth that foreign investors that
invest in sectors on the “Negative List” in which foreign investment is restricted shall comply with special management measures
with respect to, among others, shareholding and senior management personnel qualification in the Negative List. Pursuant to the Foreign
Investment Law and the Implementation Rules, the existing foreign-invested enterprises established prior to the effective date of the
Foreign Investment Law are allowed to keep their corporate organization forms for five years from the effectiveness of the Foreign Investment
Law before such existing foreign-invested enterprises must change their organization forms and organization structures in accordance
with the PRC Company Law, the Partnership Enterprise Law of the PRC and other applicable laws.

After the Foreign Investment
Law and the Implementation Rules became effective on January 1, 2020, the provisions of the M&A Rules remained effective to the extent
they are not inconsistent with the Foreign Investment Law and the Implementation Rules. We believe that our business is not in an industry
related to national security, but we cannot preclude the possibility that the competent PRC government authorities may publish explanations
contrary to our understanding or broaden the scope of such security reviews in the future, in which case our future acquisitions and investment
in the PRC, including those by way of entering into contractual control arrangements with target entities, may be closely scrutinized
or prohibited. Moreover, according to the Anti-Monopoly Law of the PRC, the SAMR shall be notified in advance of any concentration of
undertaking if certain filing thresholds are triggered. We may grow our business in part by directly acquiring complementary businesses
in China. Complying