Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 44

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 44
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 in the same overseas market where it has previously offered and listed securities shall be filed with the CSRC within 3
working days after the offering is completed; 3) any overseas offering and listing made by an issuer that meets both the following conditions
will be determined as indirect overseas offering and listing: (a) 50% or more of the issuer's operating revenue, total profit, total
assets or net assets as documented in its audited consolidated financial statements for the most recent accounting year is accounted
for by domestic companies; and (b) the main parts of the issuer's business activities are conducted in the Chinese Mainland, or its main
places of business are located in the Chinese Mainland, or the senior managers in charge of its business operation and management are
mostly Chinese citizens or domiciled in the Chinese Mainland. The determination as to whether or not an overseas offering and listing
by domestic companies is indirect overseas offering and listing, shall be made on a substance over form basis.

Based on the opinion of our PRC legal counsel, solely for purpose of registration of up to 1,190,297 Common Shares issuable from the exercise of the Warrants for resale as described in this prospectus (the "Warrant Shares Resale Registration"), we are not required to complete the CSRC filing procedures and obtain the CSRC approval under the Trial Measures, because the Warrant Shares Resale Registration does not involve issuance of new securities of our Company in addition to those previously included in our filing with the CSRC on February 26, 2024 for the issuance of the Warrants in connection with the February 2024 Registered Offering. In case of subsequent exercises of the Warrants by holders of the Warrants, where the issuances of the Common Shares upon such exercises are within the previously filed and authorized issuance limit, separate filings for such exercises in the future are not required under the Trial Measures, and we shall only be required to provide a summary report upon the completion of the remaining issuances within the authorized issuance limit specified in our above-mentioned filing with the CSRC on February 26, 2024. Since the Trial Measures have only been recently published, there may be uncertainties as to their implementation, interpretation and impact on our future offerings or financings. We may not be able to complete the filing described above if the filing materials are incomplete or do not meet the requirements of the CSRC. Any failure to obtain or delay in completing the CSRC filing for any of our offshore offerings in the future