Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 32

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 32
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 be adversely affected by government control over capital investments
or changes in tax regulations. Any stimulus measures designed to boost the Chinese economy may contribute to higher inflation, which
could adversely affect our results of operations and financial condition. For example, certain operating costs and expenses, such as
employee compensation and office operating expenses, may increase as a result of higher inflation.

Additionally, the PRC government may
promulgate laws, regulations or policies that seek to impose stricter scrutiny over the current regulatory regime in certain industries
or in certain activities. Furthermore, the PRC government has also recently indicated an intent to exert more oversight and control over
overseas securities offerings and foreign investments in China-based companies. Any such actions may adversely affect our subsidiaries’
operations, and limit our ability to offer or continue to offer securities to investors and cause the value of our securities to decline
or be worthless.

Uncertainties with respect to the PRC legal system could adversely affect us.

We conduct our business through our subsidiaries
in China. Our operations in China are governed by PRC laws and regulations. Our subsidiaries are generally subject to laws and regulations
applicable to foreign investments in China. The PRC legal system is based on written statutes. Prior court decisions may be cited for
reference but have limited precedential value.

PRC laws and
regulations have significantly enhanced the protections afforded to various forms of foreign investments in China over the past several
decades. However, recently enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. In particular,
because these laws and regulations are relatively new, and because of the limited volume of published decisions and their nonbinding nature,
the interpretation and enforcement of these laws and regulations involve uncertainties.

| 15 |

The PRC government may intervene or influence our operations at any time, or may exert more control over the China operations of an offshore holding company and offerings conducted overseas and foreign investment in China-based issuers, such as our PRC subsidiaries. Such control or influence may 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.

We conduct our
business in China through our operating subsidiaries. Accordingly, our business, results of operations and financial condition may be
influenced to a significant degree by the PRC political, economic and social conditions. The PRC government has significant oversight
over the conduct of our business. The PRC government may intervene or influence our subsidiaries’ operations at any