United States securities and exchange commission logo
January 11, 2023
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-3
Filed December 30,
2022
File No. 333-268454
Dear Zhu Youyi:
We have reviewed your amended registration statement and have the
following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe our comments apply 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 these comments, we may have additional comments.
Unless we note
otherwise, our references to prior comments are to comments in our
December 12, 2022 letter.
Amendment No. 1 to Registration Statement on Form F-3 filed December 30,
2022
Cover Page
1. Your discussion of
limitations on cash transfers appears to be limited to the PRC. Please
revise to also discuss
limitations applicable to Hong Kong, given that certain of the
entities in your
corporate structure are formed under Hong Kong law. Please make
consistent revisions on
page 5.
ENFORCEABILITY OF CIVIL LIABILITIES, page 43
2. We note your response
to prior comment 8, including revised disclosure stating that all of
your directors are
located outside the United States in Hong Kong, and all of your assets
Zhu Youyi
China Natural Resources, Inc.
January 11, 2023
Page 2
and officers are located outside the United States in the PRC. Please
revise to clarify
where Mr. Wong Wah On Edward is located, given that he is both your
Chairman of the
Board of Directors and your President and Chief Executive Officer.
General
3. Consistent with your December 30, 2022 response to the comment relating
to your Form
20-F for the fiscal year ended December 30, 2021, please revise your
disclosure to discuss
any restrictions, limitations, rules, or regulations under Hong Kong law
that are
commensurate to those of the PRC.
You may contact Liz Packebusch, Staff Attorney, at (202) 551-8749 or
Karina Dorin,
Staff Attorney, at (202) 551-3763 with any questions.
Sincerely,
FirstName LastNameZhu Youyi
Division of
Corporation Finance
Comapany NameChina Natural Resources, Inc.
Office of Energy &
Transportation
January 11, 2023 Page 2
cc: Leland S. Benton
FirstName LastName