Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 61

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 61
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 during 2024, prolonged geopolitical conflicts, elevated interest rates across major economies, and ongoing Sino-US tensions continued to weigh on the global economy and businesses and have disrupted the global commodity market. See “Item 3.D. Risk Factors — Risks Relating to Our Mine Exploration Activities in Inner Mongolia — Volatility in the market prices of metals may adversely affect the results of our operations.” We have limited ability to insure against some of the risks mentioned above.
 We are not currently in compliance with the continued listing requirements for the Nasdaq Stock Market. If we do not regain compliance and continue to meet the continued listing requirements, our Common Shares may be delisted, which could affect the market price and liquidity for our Common Shares and reduce our ability to raise additional capital.
 On July 5, 2024, we received a deficiency letter from the Listing Qualifications Staff of the Nasdaq Capital Market, LLC (“Nasdaq”) notifying that for the preceding 30 consecutive business days, the closing bid price for our 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 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 our 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. We intend to monitor the closing bid price of our Common Shares and may, if appropriate, consider implementing available options. There can be no assurance that we will be able to regain compliance with the Bid Price Requirement or maintain compliance with the other listing requirements necessary