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SEC Comment Letter 0000000000-24-006399 to CHINA NATURAL RESOURCES INC (CHNR) (CIK 0000793628) (CHNR)

CHINA NATURAL RESOURCES INC (CHNR) (CIK 0000793628)
Date: June 4, 2024 · CIK: 0000793628 · Accession: 0000000000-24-006399

AI Filing Summary & Sentiment

File numbers found in text: 333-278037

Date
June 4, 2024
Author
Not clearly detected
Form
UPLOAD
Company
CHINA NATURAL RESOURCES INC (CHNR) (CIK 0000793628)

Letter

United States securities and exchange commission logo June 4, 2024 Zhu Youyi Chief Financial Officer China Natural Resources, Inc. Room 2205, 22/F, West Tower, Shun Tak Centre 168-200 Connaught Road Central Sheung Wan, Hong Kong Re:China Natural Resources, Inc. Amendment No. 1 to Registration Statement on Form F-1 Filed May 24, 2024 File No. 333-278037 Dear Zhu Youyi: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our April 8, 2024 letter. Amendment No. 1 to Registration Statement on Form F-1 filed May 24, 2024 General 1.We note your response to prior comment one, including your added disclosure that:

"Based on the opinion of our PRC legal counsel, solely for purpose of registration of up to 1,190,297 Common Shares issuable from the exercise of the Warrants for resale as described in this prospectus (the "Warrant Shares Resale Registration"), we are not required to complete the CSRC filing procedures and obtain the CSRC approval under the Trial Measures, because the Warrant Shares Resale Registration does not involve issuance of new securities of our Company in addition to those previously included in our filing with the CSRC on February 26, 2024 for the issuance of the Warrants in connection with the February 2024 Registered Offering. We may be required to report to, or file with, the

FirstName LastNameZhu Youyi Comapany NameChina Natural Resources, Inc. June 4, 2024 Page 2 FirstName LastName Zhu Youyi China Natural Resources, Inc. June 4, 2024 Page 2 CSRC when, and if, the Common Shares underlying the Warrants are issued upon exercise of the Warrants by holders of the Warrants in the future, and the Company undertakes that it will correspond with the CSRC in advance of such occasions about the applicable reporting or filing procedures and requirements and will then follow these procedures and requirements as instructed by the CSRC."

Please revise to better explain why you believe you may be required to file with the CSRC in the future. In this regard we note that the first sentence of your disclosure above indicates that the CSRC would not treat this offering as a new issuance of securities, but the second sentence suggests that it might. To the extent you do believe you may be required to file with the CSRC in the future, please clarify how you will advise investors in this offering of any CSRC review. Also, to the extent you have made, and will make, revisions to your disclosure on the cover and at page 23, please similarly make revisions under your subheading "CSRC Filing Requirements" at page 7. Please contact Liz Packebusch, Staff Attorney, at 202-551-8749 or Daniel Morris, Legal Branch Chief, at 202-551-3314 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Richard Chang

Show Raw Text
United States securities and exchange commission logo
June 4, 2024
Zhu Youyi
Chief Financial Officer
China Natural Resources, Inc.
Room 2205, 22/F, West Tower, Shun Tak Centre
168-200 Connaught Road Central
Sheung Wan, Hong Kong
Re:China Natural Resources, Inc.
Amendment No. 1 to Registration Statement on Form F-1
Filed May 24, 2024
File No. 333-278037
Dear Zhu Youyi:
            We have reviewed your amended registration statement and have the following
comment(s).
            Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
            After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments. Unless we note otherwise,
any references to prior comments are to comments in our April 8, 2024 letter.
Amendment No. 1 to Registration Statement on Form F-1 filed May 24, 2024
General
1.We note your response to prior comment one, including your added disclosure that:

"Based on the opinion of our PRC legal counsel, solely for purpose of registration of up to
1,190,297 Common Shares issuable from the exercise of the Warrants for resale as
described in this prospectus (the "Warrant Shares Resale Registration"), we are not
required to complete the CSRC filing procedures and obtain the CSRC approval under the
Trial Measures, because the Warrant Shares Resale Registration does not involve issuance
of new securities of our Company in addition to those previously included in our filing
with the CSRC on February 26, 2024 for the issuance of the Warrants in connection with
the February 2024 Registered Offering. We may be required to report to, or file with, the

 FirstName LastNameZhu Youyi
 Comapany NameChina Natural Resources, Inc.
 June 4, 2024 Page 2
 FirstName LastName
Zhu Youyi
China Natural Resources, Inc.
June 4, 2024
Page 2
CSRC when, and if, the Common Shares underlying the Warrants are issued upon
exercise of the Warrants by holders of the Warrants in the future, and the Company
undertakes that it will correspond with the CSRC in advance of such occasions about the
applicable reporting or filing procedures and requirements and will then follow these
procedures and requirements as instructed by the CSRC."

Please revise to better explain why you believe you may be required to file with the CSRC
in the future. In this regard we note that the first sentence of your disclosure above
indicates that the CSRC would not treat this offering as a new issuance of securities, but
the second sentence suggests that it might. To the extent you do believe you may be
required to file with the CSRC in the future, please clarify how you will advise investors
in this offering of any CSRC review. Also, to the extent you have made, and will make,
revisions to your disclosure on the cover and at page 23, please similarly make revisions
under your subheading "CSRC Filing Requirements" at page 7.
            Please contact Liz Packebusch, Staff Attorney, at 202-551-8749 or Daniel Morris, Legal
Branch Chief, at 202-551-3314 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc:       Richard Chang