Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 11

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 11
---
which includes dividends, trade and service-related foreign exchange transactions, but not under the “capital account,” which
includes foreign direct investment and foreign currency debt, including loans we may secure for our onshore subsidiaries. Currently,
our PRC subsidiaries may purchase foreign currency for settlement of “current account transactions,” including payment of
dividends to us, without the approval of SAFE by complying with certain procedural requirements. Foreign exchange transactions under
the capital account remain subject to limitations and require approvals from, or registration with, SAFE and other relevant Chinese governmental
authorities. This could affect our ability to obtain foreign currency through debt or equity financing for our subsidiaries. See “Risk
Factors - Risks Relating to Our PRC Operations and Doing Business in the PRC - Our PRC subsidiaries are subject to restrictions on paying
dividends and making other payments to us.” on page 17 of this prospectus for a detailed discussion of the Chinese legal restrictions
on the payment of dividends and our ability to transfer cash within our group. In addition, holders of our Common Shares may potentially
be subject to Chinese taxes on dividends paid by us in the event we are deemed a Chinese resident enterprise for Chinese tax purposes.
See “Risk Factors - Risks Relating to Our PRC Operations and Doing Business in the PRC - We may be classified as a “resident
enterprise” for PRC enterprise income tax purposes; such classification could result in unfavorable tax consequences to us and
our non-PRC shareholders” on page 25 of this prospectus. To the extent cash in the business is in the PRC/Hong Kong or a PRC/Hong
Kong entity, the funds may not be available to fund operations or for other use outside of the PRC/Hong Kong due to interventions in
or the imposition of restrictions and limitations on the ability of our Company or our subsidiaries by the PRC government to transfer
cash. For detailed discussions, see “Prospectus Summary-Dividends and Other Distributions” on the accompanying prospectus
and “Risk Factors - Risks Relating to Our PRC Operations and Doing Business in the PRC - Governmental control of currency conversion
may affect payment of any dividends or foreign currency denominated obligations, and the value of your investment” on page 18 of
this prospectus.

You should read this prospectus,
together with additional information described under the heading “Where You Can Find More Information,” carefully before you
invest in any of our securities.

Investing in