ORGANIZATION AND PRINCIPAL ACTIVITIES

12 Months Ended

Dec. 31, 2023

Organization And Principal Activities

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

China Natural Resources, Inc. (“CHNR” or the “Company”) is a British Virgin Islands (“BVI”) holding company incorporated in 1993. The address of the principal executive office is Room 2205, 22/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong. The Company’s principal activity is investment holding. The Company’s subsidiaries (collectively with CHNR, the “Group”) are primarily involved in the exploration and mining and wastewater treatment businesses in the People’s Republic of China (“PRC”).

CHNR’s principal shareholder is Feishang Group Limited (“Feishang Group” or the “Shareholder”), a BVI corporation. Mr. Li Feilie is the controlling shareholder of Feishang Group. In the opinion of the directors of the Company (the “Directors”), the ultimate parent of CHNR is Laitan Investment Limited, a BVI corporation.

As of 31 December 2023, the Company had direct and indirect interests in the following subsidiaries, the particulars of which are set out below:

	Place of incorporation/ registration and operations	Nominal value of issued common/ registered share capital	Percentage of equity attributable to the Company				Principal activities
Name			Direct		Indirect
China Coal Mining Investment Limited (“China Coal”)	Hong Kong	*		100		—	Investment holding
FMH Corporate Services Inc.	United States	*		100		—	Dormant
Feishang Dayun Coal Mining Limited	Hong Kong	*		—		100	Investment holding
Feishang Mining Holdings Limited	BVI	*		100		—	Investment holding
Feishang Yongfu Mining Limited	Hong Kong	*		—		100	Investment holding
Newhold Investments Limited	BVI	*		100		—	Investment holding
Pineboom Investments Limited	BVI	*		100		—	Investment holding
Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”)	PRC/Mainland China	CNY10,000		—		100	Provision of management and consulting services to other companies in the Group
Yangpu Shuanghu Industrial Development Co., Limited	PRC/Mainland China	CNY1,000		—		100	Investment holding
Yunnan Feishang Mining Co., Limited	PRC/Mainland China	CNY50,000		—		100	Investment holding
Bayannaoer City Feishang Mining Company Limited	PRC/Mainland China	CNY59,480		—		100	Exploration and development of lead mines

*  Insignificant

The consolidated financial statements of the Group for the year ended December 31, 2023 were authorized for issuance in accordance with a resolution of the Directors executed on April 30, 2024.