Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 69

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 69
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Since there is generally greater and
more timely information available about domestic issuers than about foreign private issuers such as us, you will not be afforded the
same protections or information as would be available to you if you were investing in a U.S. domestic issuer.

Due to our status as a foreign private issuer, we have adopted IFRS accounting principles, which are different from accounting principles under U.S. GAAP.

We have adopted
and presented our financial statements in accordance with IFRS accounting principles. IFRS is an internationally recognized body of accounting
principles that are used by many companies outside of the United States to prepare their financial statements, and the SEC permits foreign
private issuers such as the Company to prepare and file their financial statements in accordance with IFRS rather than U.S. GAAP. IFRS
accounting principles are different from those of U.S. GAAP, and SEC rules do not require us to provide a reconciliation of IFRS accounting
principles to those of U.S. GAAP. Accordingly, we suggest that readers of our financial statements familiarize themselves with the provisions
of IFRS accounting principles in order to better understand the differences between these two sets of principles.

| 37 |

As a foreign private issuer we are not subject to certain requirements that other Nasdaq-listed issuers are required to comply with, some of which are designed to provide information to and protect investors.

Our common shares are currently
listed on Nasdaq and, for so long as our securities continue to be listed, we will remain subject to the rules and regulations
established by Nasdaq applicable to listed companies. However, we have elected to claim certain exemptions afforded to foreign
private issuers by relevant Nasdaq rules, and as a result:

| · |     | a majority of the members of our board of directors (the “Board               
 of Directors” or the “Board”) are not independent as defined by Nasdaq rules; |

| · |     | our independent directors do not hold regularly scheduled meetings 
 in executive session;                                              |

| · |     | while executive compensation is recommended by our Compensation                                                                          
 Committee, which is comprised of independent directors, the compensation of our executive officers is ultimately determined by the Board 
 of Directors rather than an independent committee of the Board or by the independent members of the Board of Directors;                  |

| · |     | related party transactions are not required to be reviewed                              
 or approved by our Audit Committee or other independent body of