Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 5

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 5
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 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 may subject us to rectification order, warning, or
fines imposed by the CSRC or other mainland China regulatory authorities, which may materially and adversely affect our business,
financial condition, and results of operations and could significantly limit or completely hinder our ability to offer or continue
to offer securities to investors and cause the value of such securities to significantly decline or be worthless. See “Risk
Factors – Risks Relating to Our PRC Operations and Doing Business in the PRC – The approval of or filing with the CSRC
or other PRC government authorities may be required in connection with our offshore offerings under PRC law, and, if required, we
cannot predict whether or for how long we will be able to obtain such approval or complete such filing.”

The Company’s corporate
structure as a British Virgin Islands holding company with operations primarily conducted by its subsidiaries in China involves unique
risks to investors. According to the Foreign Investment Law in China, the State Council shall promulgate or approve a list of special
administrative measures for market access of foreign investments, or the Negative List. The Foreign Investment Law grants national treatment
to foreign-invested entities, except for those foreign-invested entities that operate in industries specified as either “restricted”
or “prohibited” from foreign investment in the Negative List. The Foreign Investment Law provides that foreign-invested entities
operating in “restricted” or “prohibited” industries will require market entry clearance and other permissions
or approvals from relevant PRC government authorities. On December 27, 2021, the National Development and Reform Commission of China
(“NDRC”) and the Ministry of Commerce (“MOFCOM”) jointly issued the Special Administrative Measures for Foreign
Investment Access (Negative List) (2021 Edition), and the Special Administrative Measures for Foreign Investment Access in Pilot Free
Trade Zones (Negative List) (2021 Edition), effective January 1, 2022. As a