Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 8

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 8
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 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 may determine that it is unable to inspect our
auditor in relation to its audit work performed for our financial statements to its satisfaction, and any inability of the PCAOB to conduct
inspections over our auditor may affect our investors’ ability to benefit from such inspection.” 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 pages 19 and 20 of this prospectus. 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
CNY, and the PRC or Hong Kong governments could prevent the CNY maintained in the PRC or Hong Kong from leaving, impose controls on its
conversion into foreign currencies, restrict deployment of the CNY into the business of our subsidiaries and restrict