Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 5

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 5
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 inspect and investigate completely audit firms in mainland China and Hong Kong, among other jurisdictions. If
PCAOB determines in the future that it no longer has full access to inspect and investigate completely accounting firms in mainland China
or Hong Kong and we continue to use an accounting firm headquartered in one of these jurisdictions to issue an audit report on our financial
statements filed with the SEC, we would be identified as a Commission-Identified Issuer following the filing of the annual report on Form
20-F for the relevant fiscal year. There can be no assurance that we would not be identified as a Commission-Identified Issuer for any
future fiscal year, and if we were so identified for two consecutive years, we would become subject to the prohibition on trading under
the HFCAA and as a result, NASDAQ may determine to delist our securities. See “Risk Factors - Risks Relating to Our PRC Operations
and Doing Business in the PRC - The PCAOB had historically been unable to inspect our auditor in relation to their audit work performed
for our financial statements and the inability of the PCAOB to conduct inspections of our auditor in the past has deprived our investors
with the benefits of such inspections.” and “Risk Factors - Risks Relating to Our PRC Operations and Doing Business in the
PRC - Our common shares may be prohibited from trading in the United States under the HFCAA in the future if the PCAOB is unable to inspect
or investigate completely auditors located in China. The delisting of our common shares, or the threat of their being delisted, may materially
and adversely affect the value of your investment.” on page 9 of our annual report on Form 20-F for the fiscal year ended December
31, 2024. The Holding Foreign Companies Accountable Act, as amended by the Consolidated Appropriations Act, 2023, decreased the number
of “non-inspection years” from three years to two years, and thus, reduced the time before our securities may be prohibited
from trading or delisted. The delisting of our securities, or the threat of them being delisted, may materially and adversely affect the
value of your investment.”

Cash and asset transfers through
the Group are primarily attributed to shareholder loans from us to our subsidiaries. Under PRC laws and regulations, we are subject to
some restrictions on intercompany fund transfers and foreign exchange controls. Our subsidiaries receive substantially all revenue in
RMB, and the PRC or Hong Kong governments could