Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 42

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 42
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 to complete
such transactions could be time-consuming, and any required approval processes, including obtaining approval from the SAMR, may delay
or inhibit our ability to complete such transactions, which could materially and adversely affect our ability to expand our business
or maintain our market share.

In December 2020,
the National Development and Reform Commission and the Ministry of Commerce promulgated the Measures for the Security Review of Foreign
Investment, which came into effect on January 18, 2021. According to the Security Review of Foreign Investment, for foreign investments
that affect or may affect national security, security review shall be conducted in accordance with the provisions thereof. As these measures
are recently promulgated, official guidance has not been issued by the designated office in charge of such security review yet. It is
unclear whether these measures may apply to foreign investment that is implemented or completed before the enactment of these new measures.
We cannot assure you that our current or new business operations will remain fully compliant, or that we can adapt our business operations
to new regulatory requirements on a timely basis, or at all.

We and our PRC subsidiaries are required to maintain a series of licenses, permits and approvals from PRC authorities to operate our business in the PRC, and failure to maintain or renew such licenses, permits or approvals in a timely manner could materially affect our business.

Prior to the sale
of PST Technology, our PRC subsidiaries carried out rural wastewater treatment and metal exploration activities in the PRC. After PST
Technology’s disposition, we discontinued the operation in wastewater treatment segment and continue engaging in the exploration
and mining business, which is subject to a series of PRC laws and regulations. Such business activities require us to obtain licenses,
permits and approvals from different PRC authorities, including an exploration permit from the Land and Natural Resources Department
of the Inner Mongolia Autonomous Region with regards to our metal exploration activity and business licenses from local industry and
commercial bureau administration for market regulation as required upon company registration. As of the date of this prospectus, as far
as we are aware and in the judgment of management, we have obtained all necessary licenses, permits and approvals to operate our business
in the PRC, and have not been denied any such licenses, permits or approvals. If we or our PRC subsidiaries fail to maintain or renew
such licenses, permits and approvals in a timely manner in the future, our business may be materially affected.

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The approval of or filing with the CSRC or