Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 74

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 74
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 for initial listing on Nasdaq, with the exception of the Bid Price Requirement,
and the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse
stock split, if necessary. To regain compliance, the bid price of our Common Shares must close at or above $1.00 per share for a minimum
of ten consecutive trading days at any time during the second 180-day compliance period. We intend to monitor the closing bid price of
our Common Shares and may, if appropriate, consider implementing available options. There can be no assurance that we will be able to
regain compliance with the Bid Price Requirement or maintain compliance with the other listing requirements necessary for us to maintain
the listing of our Common Shares on Nasdaq.

In the event we do not regain compliance with the Bid Price Requirement by the end of the
second compliance period, Nasdaq will issue a Staff Delisting Determination under Nasdaq Listing Rule 5810 with respect to our Common
Shares. If we receive such delisting notice, we can request a hearing before a Nasdaq hearings panel (the “Panel”), however,
Nasdaq may not grant our request for a hearing, or if Nasdaq grants our request for a hearing, the Panel may not grant our request for
continued listing of the Common Shares on The Nasdaq Capital Market. Pursuant to Nasdaq rules, a request from a company for a hearing
shall not stay the suspension of the securities from trading where the matter relates to a request made by a company that was afforded
second 180-day compliance period and that failed to regain compliance with the Bid Price Requirement during that period.

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If we seek to implement a reverse
stock split in order to remain listed on Nasdaq, the announcement or implementation of such a reverse stock split could negatively affect
the price of our Common Shares. While Nasdaq rules do not impose a specific limit on the number of times a listed company may effect
a reverse stock split to maintain or regain compliance with the Bid Price Requirement, Nasdaq has stated that a series of reverse stock
splits may undermine investor confidence in securities listed on Nasdaq. Accordingly, Nasdaq may determine that it is not in the public
interest to maintain the Company’s listing, even if we regain compliance with the Bid Price Requirement. In addition, Nasdaq rules
state that if a listed company that fails to meet the Bid Price Requirement after effecting one or more reverse stock splits over the
prior two-year