Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 124

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 124
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 filter packing frame with uniform water distribution and automatic reoxygenation effects; (ii) wastewater reinforced
phosphorous removal packing and preparation method thereof; (iii) shore bank step combination formula non-point source pollution control
system; (iv) modularization ecological substrate composite biological chinampa with primary and secondary connector link; and (v) water
distributor.

Since its incorporation,
Shanghai Onway has leveraged its proprietary wastewater treatment technologies to undertake 258 EPC projects, mainly in Zhejiang province,
Jiangsu province and Shanghai, among which 3 projects are currently in progress as of July 2023, the date on which Shanghai Onway ceased
to be our subsidiary. In July 2018, Shanghai Onway was awarded its maiden PPP project, Wujiang District Rural Domestic Waste and Wastewater
Treatment Infrastructure, by the Housing and Urban-Rural Development Bureau (“HURDB”) of Wujiang District in Shaoguan City,
Guangdong province of the PRC (the “Wujiang Project”). In 2021, 2022, and for the period from January 1, 2023 to July 28,
2023, revenues derived from the EPC projects amounted to CNY12.39 million, CNY14.63 million, and CNY9.12 million respectively, and those
derived from the Wujiang Project were CNY6.35 million, CNY5.51 million and CNY3.63 million, respectively.

Government Regulation and National Policy of Rural Wastewater Treatment Industry

The development of the rural wastewater
treatment industry is highly supported by national policies in the PRC. Some of the regulations and policies are summarized below.

In 2010, in order to promote domestic
wastewater treatment in rural areas of the PRC, the Ministry of Housing and Urban-Rural Development issued the “Technical Guidelines
for Rural Domestic Wastewater Treatment by Regions.” The document set out the characteristics, discharge requirements and drainage
systems of rural domestic wastewater in each region of the PRC, as well as rural domestic wastewater treatment technologies (including
parameters and schematic diagrams), selection of technologies, management of facilities and engineering examples.

In 2010, the Ministry of Environmental
Protection issued the “Technical Specifications for Control of Domestic Pollution in Rural Areas” and the “Technical
Policy on Prevention and Control of Domestic Pollution in Rural Areas.” The former document introduced several technologies for
controlling rural domestic wastewater pollution, including source control, household