Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 31

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 31
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,209 |   |     |             |   8,779 |   |     |             |  1,208 |   |

| 14 |

<div align='center'>RISK FACTORS</div>

You are purchasing equity securities of China Natural Resources, Inc., a British Virgin Islands holding company, rather than equity securities of its operating subsidiaries. Such structure involves unique risks to investors in the securities. You should carefully consider the following risks and uncertainties set out below and other information before investing in our securities. Any of the following risks could have a material adverse effect on our business, financial condition and results of operations. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially and adversely affect our business, prospects, financial condition, results of operations or cash flows. In any such case, the trading price of our securities could decline significantly, and you may lose all or part of your investment.

Risks Related to Our PRC Operations and Doing Business in the PRC

Changes in China’s economic, political or social conditions or government policies could have a material and adverse effect on our business, financial condition and results of operations.

Currently, all of our business operations
are conducted in China. Accordingly, our business, results of operations, financial condition and prospects are affected by economic,
political and social conditions in China generally and by continued economic growth in China as a whole.

China’s economy differs from the
economies of most developed countries in many respects, including the extent of government involvement, level of development, growth
rate, control of foreign exchange and allocation of resources. In recent decades, the Chinese government has implemented a series of
reform measures, including, among others, the utilization of market forces for economic reform and the establishment of improved corporate
governance in business enterprises. In addition, the Chinese government also plays a significant role in regulating industry development
and has extensive influence over China’s economic growth through allocating resources, foreign exchange control and setting monetary
and fiscal policy.

The growth of China’s economy has
been uneven, both geographically and among various sectors of the economy, and the rate of growth has been slowing in recent years. Although
growth of China’s economy remained relatively stable, there is a possibility that China’s economic growth may fluctuate or
even decline in the near future. Some of the government measures may benefit the overall Chinese economy but may have a negative effect
on us. For example, our financial condition and results of operations may