Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 67

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 67
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 more members
of our management team or other key technical personnel become unable or unwilling to continue in their present positions, and if additional
key personnel cannot be hired and retained as needed, our business and prospects for growth could be adversely affected. Intense competition
for these personnel in these industries could cause our compensation costs to increase, which could have a material adverse effect on
our results of operations. Our future success and ability to grow our business will depend in part on the continued service of these
individuals and our ability to identify, hire and retain additional qualified personnel. If we are unable to attract and retain qualified
employees, we may be unable to meet our business and financial goals.

Any failure to maintain effective internal controls could have an adverse effect on our business, results of operations and the market price of our shares.

The SEC, as required by Section 404
of the Sarbanes-Oxley Act of 2002 (“SOX”), adopted rules requiring most public companies to include a management report on
such company’s internal control over financial reporting in its annual report, which contains management’s assessment of
the effectiveness of the company’s internal control over financial reporting. In addition, if we become an accelerated or large
accelerated filer, as defined in the SEC’s rules, we will be required to provide an annual attestation from an independent registered
public accounting firm on management’s assessment of the effectiveness of the Company’s internal control over financial reporting.

Our management has concluded that our
internal control over financial reporting as of December 31, 2024, was effective. However, we cannot assure you that our management
will not identify material weaknesses in the future, or our independent public registered accounting firm will not identify material
weaknesses if it assesses our internal control over financial reporting in the future. In addition, because of the inherent limitations
of any internal control over financial reporting, including the possibility of collusion or improper management override of controls,
material misstatements due to error or fraud may not be prevented or detected on a timely basis. As a result, if we fail to maintain
effective internal control over financial reporting or should we be unable to prevent or detect material misstatements due to error or
fraud on a timely basis, investors could lose confidence in the reliability of our financial statements, which in turn could harm our
business and results of operations, negatively impact the market price of our shares, and harm our reputation. Furthermore, we have incurred
and expect to continue to incur considerable costs