Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 52

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 52
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 issue common shares, or a combination of debt and equity as consideration, which could significantly dilute the ownership of our existing shareholders or provide rights to such target shareholders in priority over our common shareholders. Additional funds may not be available on terms that are favorable to us, or at all. If the price of our common shares is low or volatile, we may not be able to acquire other companies or fund a joint venture project using shares as consideration.
 Future acquisitions or strategic investments could be difficult to identify and integrate, divert the attention of management, and could disrupt our business, dilute shareholder value and adversely affect our business, results of operations, and financial condition.
 As part of our growth strategy, we may acquire or invest in other businesses, assets or technologies that are outside of the sectors we have historically operated in but fit within our strategic goals. Any acquisition or investment may divert the attention of management and require us to use significant amounts of cash, issue dilutive equity securities or incur debt. We have limited experience in acquiring other businesses. In addition, we may be exposed to unknown risks, any of which could adversely affect our business, results of operations, and financial condition, including risks arising from:
 
•   difficulties in integrating the operations, technologies, product or service offerings, administrative systems, and personnel of acquired businesses, especially if those businesses operate outside of our core competency or geographies in which we currently operate;
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•   potential loss of key employees of the acquired business;
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•   inability to maintain key business relationships and reputation of the acquired business;
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•   litigation arising from the acquisition or the activities of the acquired business, including claims from terminated employees, customers, former shareholders or other third parties;
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•   assumption of contractual obligations that contain terms that are not beneficial to us, require us to license, or increase our risk of liability;
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•   complications in the integration of acquired businesses or diminished prospects, including as a result of the domestic and global economic downturns;
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•   failure to generate the expected financial results related to an acquisition in a timely manner or at all;
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•   failure to accurately forecast the impact of an acquisition transaction; and
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•   implementation or remediation of effective controls, procedures, and policies for acquired businesses.
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Risks Relating to Our Financial Condition and Business 
 We have incurred losses from operations in each of the preceding three fiscal years of 2022, 202