Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 51

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 51
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 PRC government
on our ability to transfer cash. The PRC government imposes controls on the convertibility of RMB into foreign currencies and, in certain
cases, the remittance of currency out of mainland China. Our PRC subsidiaries receive substantially all revenue in RMB. Our PRC subsidiaries
may pay dividends, if any, only out of their accumulated after-tax profits determined in accordance with Chinese accounting standards
and regulations, only after satisfaction of relevant statutory conditions and procedures, and would be subject to the PRC dividend withholding
tax at a tax rate of 10% for any dividends paid by our PRC subsidiaries from their earnings derived after January 1, 2008, to our Hong
Kong subsidiaries, or a reduced rate of 5% if certain conditions are met. If the PRC foreign exchange control system prevents us from
obtaining sufficient foreign currency to satisfy foreign currency demands, we may not be able to pay dividends in foreign currencies to
our shareholders, including U.S. shareholders. PRC regulation of loans to and direct investment in PRC entities by offshore holding companies
and governmental control of currency conversion may delay or prevent us from using our funds to make loans or additional capital contributions
to our PRC subsidiaries, which could materially and adversely affect the liquidity of our PRC subsidiaries and our ability to fund and
expand our business in the PRC and cause the value of our securities to significantly decline or become worthless.

As of the date of this
prospectus, there are no restrictions or limitations imposed by the Hong Kong government on the transfer of capital within, into and
out of Hong Kong (including funds from Hong Kong to the PRC), except for the transfer of funds involving money laundering and criminal
activities. However, there is no guarantee that the Hong Kong government will not promulgate new laws or regulations that may impose
such restrictions in the future.

As a result of the above,
to the extent cash or assets in the business are in the PRC or Hong Kong or a PRC or Hong Kong entity, the funds or assets may not be
available to fund operations or for other use outside of the PRC or Hong Kong due to interventions in or the imposition of restrictions
and limitations on the ability of us or our subsidiaries by the PRC or Hong Kong governments to transfer cash or assets. We cannot
assure you that the PRC or Hong Kong governments will not intervene in or impose restrictions on our ability to make intercompany
cash transfers or dividends to