Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 134

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 134
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. There is no guarantee that the Acquisition will close or be completed at the anticipated valuation and terms, or at all.
 On December 22, 2023, the Company entered into an amendment agreement (the “Amendment Agreement”) to the sale and purchase agreement Dated as of February 27, 2023 by and among Feishang Group and Top Pacific (China) Limited (together, the “Sellers”), and the respective beneficial owner of the Sellers, Mr. Li Feilie and Mr. Yao Yuguang with the parties thereto. As the Sellers are still in the process of satisfying conditions precedent to the closing of the acquisition in accordance with the Zimbabwe SPA, including but not limited to obtaining requisite governmental approvals, the parties entered into the Amendment Agreement to extend the long stop date for closing the acquisition from December 31, 2023 to December 31, 2024. On December 31, 2024, the parties entered into the Amendment Agreement II to further extend the long stop date for closing the acquisition from December 31, 2024 to December 31, 2025.
 The foregoing description of the Zimbabwean SPA, as amended, is only a summary and is qualified in its entirety by reference to the Sale and Purchase Agreement dated February 27, 2023, the Amendment Agreement dated December 22, 2023, and the Amendment Agreement II dated December 31, 2024, by and among China Natural Resources, Inc., Feishang Group Limited, Top Pacific (China) Limited, Li Feilie and Yao Yuguang, a copy of each of which has been incorporated by reference as Exhibit 4.17, Exhibit 4.20 and Exhibit 4.23 to this annual report.
 
Commercial Transactions with Related Companies
 Commercial transactions with related companies (in thousands) are summarized as follows:
 
                                                                                               Year Ended December 31,                 
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                                                                          2022                2023            2024            2024     
                                                                                    CNY             CNY             CNY             US$
CHNR’s share of office rental, rates and others to Anka (1)                       1,175             445             797             109
Feishang Management’s share of office rental to Feishang Enterprise (2)             166             166             166              23
Shenzhen New PST’s share of office rental to Feishang Enterprise (3)                 90              53               —               —