Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 49

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 49
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 security and privacy obligations on entities and individuals carrying out data activities
(e.g., collection, storage, usage, reorganization, transmission, provision, disclosure and deletion) and introduces a data classification
and hierarchical protection system based on the importance of data in economic and social development, and the degree of harm it will
cause to national security, public interests, or legitimate rights and interests of individuals or organizations when such data is tampered
with, destroyed, leaked, illegally acquired or used. The PRC Data Security Law also provides for a national security review procedure
for data activities that may affect national security and imposes export restrictions on certain data and information. We believe that
our business is not in an industry related to national security, but we cannot preclude the possibility that PRC government authorities
may publish explanations contrary to our understanding or broaden the scope of such reviews in the future, in which case our future activities
may be closely scrutinized or prohibited. Moreover, given the PRC authorities have significant discretion in interpreting and applying
their laws, rules and regulations, if we undertake a transaction in the PRC that involves data security or an industry that the PRC government
is focusing on, we could be subject to review by the CSRC, Cyberspace Administration of China (“CAC”) or other applicable
governmental agency. Such review could be time consuming, could cause us to incur significant costs in responding to such agencies and/or
rectifying any potential issues noted by such agencies or completely abandon a potential transaction.

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Further, on July 6, 2021,
the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council jointly issued
the Opinions on Strictly Cracking Down on Illegal Securities Activities in Accordance with the Law. These opinions emphasized the need
to strengthen the administration over illegal securities activities and supervision of overseas listings by China-based companies and
proposed to take effective measures, such as promoting the construction of regulatory systems. On December 24, 2021, the State Council
issued a draft of the Provisions of the State Council on the Administration of Overseas Securities Offering and Listing by Domestic Companies
(the “Draft Provisions”) and the CSRC issued a draft of the Administrative Measures for the Filing of Overseas Securities
Offering and Listing by Domestic Companies (the “Draft Administrative Measures”) for public comment. The Draft Provisions
and the Draft Administrative Measures propose to establish a new filing-based regime to regulate overseas offerings of