Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 130

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 7
Chunk 130
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 Shares registered in the name(s) of intermediaries were assumed to be held by residents of the same country in which the intermediary was located.
Control
 To our knowledge, there are no arrangements the operation of which may, at a subsequent date, result in a change in control of the Company, and, except as otherwise disclosed in this annual report, we are not directly or indirectly owned or controlled by any other corporation, by any foreign government or by any other natural or legal person, severally or jointly.

B.   Related Party Transactions
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Employment Agreements and Indemnification Agreements
 See “Item 6. Directors, Senior Management and Employees—6.B. Compensation—Employment Agreements and Indemnification Agreements.”
 Share Incentives
 See “Item 6. Directors, Senior Management and Employees—6.B. Compensation—Share Incentive Plan.”
 Other Related Party Transactions 
 In 2024, we received an aggregate amount of HK$1.00 million (US$0.13 million) from Anka in the form of interest-free loans to us.
 We have received letters from Feishang Group and Feishang Enterprise, entities controlled by Mr. Li Feilie, the principal beneficial shareholder of the Company, both dated May 15, 2025 which state that Feishang Group and Feishang Enterprise will provide continuous financial support (in the form of interest-free loans) to us in relation to the going concern of our operations, including not recalling any amounts due to them until we are in a position to settle the amounts due without having a detrimental impact on our financial resources, and that Feishang Enterprise will pay debts on our behalf when needed. As far as the Company understands, there are no limitations on the amount, provision or duration of support from Feishang Group or Feishang Enterprise.
 Feishang Enterprise and Feishang Group are each beneficially owned by Mr. Li Feilie, the principal beneficial owner of the Company, and members of his family. Mr. Li is also the former Chief Executive Officer and Chairman of the Company and currently serves as a director of certain subsidiaries of the Company. Mr. Wong Wah On Edward, the Chief Executive Officer and Chairman of the Company, is also a director of certain affiliates of Feishang Group.
 

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Acquisition of FARL Shares in Exchange for Newly Issued Company Shares 
 On August 17, 2020, the Company entered into a sale and purchase agreement with