Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 75

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 75
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 reviews and/or other requirements of the CAC, we face uncertainty as to whether any
clearance or other required actions can be timely completed, or at all. Given such uncertainty, it is possible that we may be required
to suspend the relevant business, or face other penalties, which could materially and adversely affect our business, financial condition,
results of operations and/or the value of our securities, or could significantly limit or completely hinder our ability to offer or continue
to offer securities to investors. As of the date of this prospectus, we have not been informed that we have been identified as a critical
information infrastructure operator by any governmental authorities. These laws and regulations are relatively new, and the PRC authorities
continue to promulgate and issue new laws, regulations and rules in this regard. Therefore, there is substantial uncertainty with respect
to the interpretation and implementation of these data security laws and regulations. We will closely monitor the relevant regulatory
environment and will assess and determine whether we are required to apply for the cybersecurity review.

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.

The Enterprise Income Tax
Law provides that enterprises established outside of China whose “de facto management bodies” are located in China are considered
PRC tax resident enterprises and will generally be subject to the uniform 25% PRC enterprise income tax rate on their global income. In
2009, the State Administration of Taxation (“SAT”) issued the Circular of the State Administration of Taxation on Issues Concerning
the Identification of Chinese-Controlled Overseas Registered Enterprises as Resident Enterprises in Accordance with the Actual Standards
of Organizational Management (“SAT Circular 82”), which was partially amended by the Announcement on Issues concerning the
Determination of Resident Enterprises Based on the Standards of Actual Management Institutions issued by the SAT on January 29, 2014,
and further partially amended by the Decision on Issuing the Lists of Invalid and Abolished Tax Departmental Rules and Taxation Normative
Documents issued by the SAT on December 29, 2017. SAT Circular 82, as amended, provides certain specific criteria for determining whether
the “de facto management body” of a Chinese-controlled offshore-incorporated enterprise is located in China, which include
all of the following conditions: (i) the location where senior management members responsible for an enterprise’s daily operations
discharge their duties; (ii)