Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 75

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 75
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 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, financing, and results of operation. A delisting could substantially decrease trading in the Common Shares, adversely affect
the market liquidity of the Common Shares as a result of the loss of market efficiencies associated with Nasdaq and the loss of federal
preemption of state securities laws, materially adversely affect its ability to obtain financing on acceptable terms, if at all, and may
result in the potential loss of confidence by investors, suppliers, customers and employees and fewer business development opportunities.
Additionally, the market price of the Common Shares may decline further and stockholders may lose some or all of their investment.

Our principal beneficial owner and his affiliates control us through their share ownership; and their interests may differ from those of other shareholders.

Mr. Li Feilie, beneficial owner
of a majority of our outstanding common shares, beneficially owns approximately 54.5% of our outstanding common shares, and as a
result, Mr. Li is and will continue to be able to influence the outcome of shareholder votes on various matters, including the
election of directors and extraordinary corporate transactions such as business combinations. Through his related companies, Mr. Li
also provides funding to support the Company’s operating expenses and holds a substantial amount of the Company’s debt
(see “–Related Party Transactions,” below). Mr. Li’s interests may differ from those of other
shareholders. See “ – Principal Shareholders” for additional information relating to the beneficial ownership of
our securities.

The rights of our shareholders are governed by BVI law, the provisions of which may not be as favorable to shareholders as under U.S. law, and our directors may take actions with which you disagree without first receiving shareholder approval.

Our directors have
the power to take