Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 62

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 62
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 for us to maintain the listing of our Common Shares on Nasdaq.

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In the event we do not regain compliance with the Bid Price Requirement by the end of the second compliance period, Nasdaq will issue a Staff Delisting Determination under Nasdaq Listing Rule 5810 with respect to our Common Shares. If we receive such delisting notice, we can request a hearing before a Nasdaq hearings panel (the “Panel”), however, Nasdaq may not grant our request for a hearing, or if Nasdaq grants our request for a hearing, the Panel may not grant our request for continued listing of the Common Shares on The Nasdaq Capital Market. Pursuant to Nasdaq rules, a request from a company for a hearing shall not stay the suspension of the securities from trading where the matter relates to a request made by a company that was afforded second 180-day compliance period and that failed to regain compliance with the Bid Price Requirement during that period.
 If we seek to implement a reverse stock split in order to remain listed on Nasdaq, the announcement or implementation of such a reverse stock split could negatively affect the price of our Common Shares. While Nasdaq rules do not impose a specific limit on the number of times a listed company may effect a reverse stock split to maintain or regain compliance with the Bid Price Requirement, Nasdaq has stated that a series of reverse stock splits may undermine investor confidence in securities listed on Nasdaq. Accordingly, Nasdaq may determine that it is not in the public interest to maintain the Company’s listing, even if we regain compliance with the Bid Price Requirement. In addition, Nasdaq rules state that if a listed company that fails to meet the Bid Price Requirement after effecting one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one, then the company is not eligible for a Compliance Period. Nasdaq rules further states that if a company’s security fails to meet the Bid Price Requirement and the company has effected a reverse stock split over the prior one-year period, then the company shall not be eligible for any compliance period specified in Nasdaq Rule 5810(c)(3)(A) and the Listing Qualifications Department shall issue a Delisting Determination with respect to that security
 We may fail to regain compliance with the Bid Price requirement during the second compliance period or maintain compliance with the other Nasdaq listing requirements. Any non-compliance may be costly, divert management’s time and attention, and could have a material adverse effect on our business, reputation,