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
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,
FirstName LastNameZhu Youyi
Division of
Corporation Finance
Comapany NameChina Natural Resources, Inc.
Office of Energy &
Transportation
June 4, 2024 Page 2
cc: Richard Chang
FirstName LastName