Correspondence 0001079973-25-000145 from CHINA NATURAL RESOURCES INC (CHNR) (CIK 0000793628) (CHNR)
CHINA NATURAL RESOURCES INC (CHNR) (CIK 0000793628)
Date: Jan. 27, 2025 · CIK: 0000793628 · Accession: 0001079973-25-000145
AI Filing Summary & Sentiment
File numbers found in text: 333-278037
Referenced dates: January 14, 2025
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Correspondence
VIA EDGAR
January 27, 2025
United States Securities and Exchange Commission
Division of Corporation Finance
Office of Energy & Transportation
100 F Street, N.E.
Washington, D.C. 20549-3628
Attention: Claudia Rios
Kevin Dougherty
Re:
China Natural Resources, Inc.
Post-Effective Amendment No. 1 to Form F-1
Filed December 31, 2024
File No. 333-278037
Ladies and Gentlemen,
On behalf of China Natural Resources Inc. (the
“Company”), we are hereby submitting this letter to the Securities and Exchange Commission (the “SEC”)
via EDGAR in response to the comment letter from the staff of the SEC (the “Staff”), dated January 14, 2025 (the “Comment
Letter”), pertaining to the Company’s above-referenced Post-Effective Amendment No. 1 to Form F-1 (“Post-Effective
Amendment No. 1”) filed on December 31, 2024. Concurrently with the submission of this letter, the Company is filing Post-Effective
Amendment No. 2 to Form F-1 (“Post-Effective Amendment No. 2”) via EDGAR to the Commission. The Company expects to
file acceleration requests to have the registration statement declared effective as soon as the outstanding comments are resolved.
Set forth below are the Company’s responses
to the Staff’s comments. The responses set forth below are based upon information provided by the Company, which we have not independently
verified. For the convenience of the Staff, the responses contained herein utilize the numbering of the comments and the headings used
in the Comment Letter, and the text of the Staff’s comments is reproduced in italics below. Capitalized terms used but not defined
herein have the meanings set forth in the Form F-1.
Post-Effective Amendment No.1 to Form F-1
Compensation
1.
Please revise your registration statement to include executive compensation disclosure for the fiscal year ended December 31, 2024. Refer to Part I, Item 4.a of Form F-1 and Part I, Item 6.B of Form 20-F:
Response:
The Company acknowledges
the Staff’s comment and respectfully submits that the Company has revised its disclosure on page 96 of the Post-Effective Amendment
No. 2 to Form F-1.
General
2.
We note that in your Forms 6-Ks filed on July 12, 2024 and January 6, 2025 you disclose that you received a notice of non-compliance with the Nasdaq requirements pertaining to the minimum bid price for listed stock pursuant to its rules for continued listing. Please revise the Summary to describe this notice and include disclosure in the Risk Factor section describing the risks related to this notice and the risks of a potential delisting.
Response:
In response to the Staff’s
comment, the Company has revised its disclosure on pages 6, 10, and 41 of Post-Effective Amendment No. 2 to Form F-1.
*****
Please contact the undersigned at +8610-5680-3969
or via email at rchang@gunder.com if you have any questions with respect to the foregoing.
Very truly yours,
/s/ Richard J. Chang
Richard J. Chang, Esq.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian,
LLP
cc: Youyi ZHU, Chief Financial Officer, China Natural
Resources Inc.