<SEC-DOCUMENT>0001079973-23-001333.txt : 20231206
<SEC-HEADER>0001079973-23-001333.hdr.sgml : 20231206
<ACCEPTANCE-DATETIME>20230928162503
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001079973-23-001333
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230928

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA NATURAL RESOURCES INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN, HONG KONG
		STATE:			F4
		ZIP:			-
		BUSINESS PHONE:		01185228107205

	MAIL ADDRESS:	
		STREET 1:		RM 2205 22F WEST TOWER SHUN TAK CENTRE
		STREET 2:		168-200 CONNAUGHT ROAD C
		CITY:			SHEUNG WAN, HONG KONG
		STATE:			F4
		ZIP:			-

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA RESOURCES DEVELOPMENT INC
		DATE OF NAME CHANGE:	19950104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-size: 10pt">Correspondence</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><B><U>VIA EDGAR</U></B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">September 28, 2023<BR>
<BR>
United States Securities and Exchange Commission</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporation Finance</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Disclosure Review Program</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">100 F Street, N.E.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Washington, D.C. 20549-3628</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Attention: Jimmy McNamara and Christopher
Dunham</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 35pt; text-align: right"><FONT STYLE="font-size: 10pt">Re:</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>China
                                            Natural Resources Inc.</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Amendment
                                            No. 1 to Form 20-F for the Fiscal Year Ended December 31, 2022</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>Filed
                                            August 31, 2023</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>File
                                            No. 000-26046</B></FONT></P></TD>
</TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">Ladies and Gentlemen,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">On behalf of
China Natural Resources Inc. (the &ldquo;<U>Company</U>&rdquo;), we are submitting this letter to the Securities and Exchange Commission
(the &ldquo;<U>SEC</U>&rdquo;) via EDGAR in response to the comment letter from the staff of the SEC (the &ldquo;<U>Staff</U>&rdquo;),
dated September 15, 2023 (the &ldquo;<U>Comment Letter</U>&rdquo;), pertaining to the Company&rsquo;s above-referenced Amendment No.
1 to annual report on Form 20-F (the &ldquo;<U>Amended Annual Report</U>&rdquo;). In connection with such responses, the Company is concurrently
filing Amendment No. 2 to the Form 20-F (the &ldquo;<U>Second Amended Annual Report</U>&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">For your convenience,
the Staff&rsquo;s comments are summarized in this letter, and each comment is followed by the applicable responses on behalf of the Company.
Unless otherwise indicated, page references in the responses correspond to the page numbers in the Amended Annual Report, and page references
otherwise correspond to the page numbers in the Annual Report. Capitalized terms used in this letter but otherwise not defined herein
shall have the meanings set forth in the Amended Annual Report.</FONT></P>

<P STYLE="font: 11pt/13.1pt Times New Roman, Times, Serif; margin: 11.15pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Amendment
No.1 to Form 20-F for the Fiscal Year Ended December 31, 2022 </U></FONT></P>

<P STYLE="font: 11pt/13.1pt Times New Roman, Times, Serif; margin: 11.35pt 0 0; text-align: justify"><FONT STYLE="font-size: 10pt"><U>General</U></FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt"><I>1.</I></FONT></TD><TD STYLE="text-align: justify; padding-right: 0.05in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt"><I>We
                                            re-issue comment 1. Pursuant to paragraph (a) of Item 16I, please clarify whether you are
                                            owned or controlled by a governmental entity in the foreign jurisdiction or tell us why you
                                            are not required to do so. Please supplementally describe any materials that were reviewed
                                            and tell us whether you relied upon any legal opinions or third party certifications such
                                            as affidavits as the basis for this submission. In your response, please provide a similarly
                                            detailed discussion of the materials reviewed and legal opinions or third party certifications
                                            relied upon in connection with the required disclosures under paragraphs (b)(2) and (3).</I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange Commission</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporation Finance</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Disclosure Review Program</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">September 28, 2023<FONT STYLE="font-size: 10pt"><BR>
Page 2</FONT></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">We
respectfully advise the staff that as of May 15, 2023, the date on which our Form 20-F for the Fiscal Year Ended December 31, 2022 (&ldquo;Form
20-F&rdquo;) was filed, our counsel and us have reviewed our register of members, all schedule 13D/Gs and other public filings made by
its shareholders, and questionnaires filled out and signed by our directors and officers to come to the conclusion that as of May 15,
2023, to our knowledge, the Company is not owned or controlled by a governmental entity in the People&rsquo;s Republic of China (the
&ldquo;PRC&rdquo;), the British Virgin Islands (the &ldquo;BVI&rdquo;) or Hong Kong Special Administrative Region (&ldquo;Hong Kong&rdquo;).</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">In
connection with the required submission under paragraph (a) and the required disclosure under (b)(3) of Item 16I, the Company relied
on an examination of the Company&rsquo;s register of members, Schedules 13D, Schedules 13G and other filings made by its shareholders.
Because major shareholders of the Company are legally obligated to file beneficial ownership schedules with the SEC, the Company believes
such reliance is reasonable and sufficient. Based on the examination of the Company&rsquo;s register of members and the public filings,
nothing comes to the attention of the Company that makes the Company believe that any such major shareholder was owned or controlled
by a governmental entity of the PRC, the BVI, or Hong Kong. In particular, the Company&rsquo;s largest beneficial owner was Mr. LI Feilie,
who directly and indirectly through Feishang Group Limited, a British Virgin Islands company wholly owned by Mr. LI, held 5,371,553 common
shares or 65.52% of the Company&rsquo;s aggregate voting power. Mr. LI was the former Chairman and CEO of the Company. Mr. LI served
as the sole shareholder, director and officer of Feishang Group Limited. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">Furthermore,
as of the date of the Original Filing, the directors and officers of the Company consist of: Wong Wah On Edward, Tam Cheuk Ho, Zhu Youyi,
Zou Yu, Peng Wenlie, Lam Kwan Sing, Ng Kin Sing, Yip Wing Hang and Li Feilie. None of the Company&rsquo;s directors or officers are representatives
of any government entity in the PRC, the BVI, or Hong Kong.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">Based
on the foregoing, the Company believes that it is not owned or controlled by a governmental entity of the PRC, the BVI, or Hong Kong
and that the governmental entities in the PRC, the BVI, or Hong Kong do not have a controlling financial interest in the Company. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt"></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange Commission</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporation Finance</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Disclosure Review Program</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">September 28, 2023<BR>
Page 3</FONT></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">In
connection with the required disclosure under paragraph (b)(2) of Item 16I, the Company respectfully submits that, based on its register
of members as of May 7, 2023, the record holders of its common shares included: (i) Feishang Group Limited and Mr. LI Feilie, (ii) Cede
&amp; Co, (iii) certain other institutional investors that beneficially own common shares that in aggregate amount to approximately 2.64%
of the Company&rsquo;s total outstanding common shares as of May 7, 2023, (iv) certain directors and officers of the Company that beneficially
own common shares that in aggregate amount to approximately 1.67% of the Company&rsquo;s total outstanding common shares as of May 7,
2023, and (v) certain other natural person shareholders that beneficially own common shares that in aggregate amount to approximately
0.01% of the Company&rsquo;s total outstanding common shares as of May 7, 2023. Cede &amp; Co is the nominee of DTC. It would present
an undue hardship for the Company to identify each public market shareholder due to the large number of such holders. The Company could
only rely on the Schedules 13D, Schedules 13G and the amendments thereto filed by the beneficial owners of 5% or more of the Company&rsquo;s
shares who hold shares through Cede &amp; Co. Based on such public filings, none of the holders who own 5% or more of the Company&rsquo;s
shares is a governmental entity in the PRC, the BVI, or Hong Kong. Based on the examination of publicly available information, such as
company registry information of the institutional shareholders and address information of the individual shareholders, as of the date
of the Original Filing, to the best of the Company&rsquo;s knowledge, no governmental entity in the PRC, the BVI, or Hong Kong owns any
share of any of the Company&rsquo;s institutional shareholders.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">Therefore,
to the best of the Company&rsquo;s knowledge, no governmental entity in in the PRC, the BVI, or Hong Kong owns any share of the Company.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 12.25pt 0.05in 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">The
Company respectfully submits that it did not rely upon any legal opinions or third party certifications such as affidavits as the basis
of its submission.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.65pt Times New Roman, Times, Serif; margin-top: 9.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt"><I>2.</I></FONT></TD><TD STYLE="text-align: justify; padding-right: 0.05in"><FONT STYLE="font-size: 10pt"><I>We
                                            note your response to comment 3 and re-issue in part. With respect to (b)(2), please provide
                                            the percentage of your shares or the shares of your consolidated operating entities owned
                                            by governmental entities in each foreign jurisdiction in which you have consolidated operating
                                            entities. With respect to (b)(3), please clarify whether governmental entities have a controlling
                                            financial interest in you or any of your consolidated foreign operating entities.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">In
connection with the required disclosures under paragraphs (b)(2) and (b)(3) of Item 16I with respect to the Company&rsquo;s consolidated
foreign entities, the Company respectfully submits that the jurisdictions in which the Company&rsquo;s consolidated foreign entities
are incorporated in the PRC, the BVI, and Hong Kong. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">As
of the date of the Original Filing, the Company holds 100% equity interests in such consolidated foreign entities except (i) Silver Moon
Technologies Limited, a company organized in the BVI; (ii) Shanghai Onway Environmental Development Co., Limited (&ldquo;Shanghai Onway&rdquo;),
a company organized in the PRC; and (iii) Shaoguan Angrui Environmental Technology Development Co., Limited (&ldquo;Shaoguan Angrui&rdquo;),
a company organized in the PRC. </FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; letter-spacing: 0.0pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.0pt">As
                                            of the date of the Original Filing, the Company directly held 80% equity interest of Silver
                                            Moon Technologies Limited, a company organized in the BVI. Silver Moon is currently inactive.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt"></FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange Commission</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporation Finance</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Disclosure Review Program</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">September 28, 2023<BR>
Page 4</FONT></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; letter-spacing: 0.0pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.0pt">As
                                            of the date of the Original Filing, the Company indirectly held 51% equity interest of Shanghai
                                            Onway. Shanghai Onway was a 51%-owned subsidiary of Shenzhen Qianhai Feishang Environmental
                                            Investment Co., Limited (&ldquo;Shenzhen Qianhai&rdquo;), a company organized in the PRC
                                            and an indirect wholly-owned subsidiary of the Company as of the date of the Original Filing.
                                            As of the date of the Original Filing, Anxon Envirotech Pte. Ltd (a direct wholly owned subsidiary
                                            of AnnAik Limited, which is listed on the Singapore Stock Exchange under ticker &ldquo;A52&rdquo;)
                                            owned 25% equity interest of Shanghai Onway and Shanghai Xingyu Environment Engineering Co.,
                                            Ltd. owned 24% equity interest of Shanghai Onway. </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 10pt; letter-spacing: 0.0pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.0pt">Based
                                            on the annual report of AnnAik Limited for the fiscal year 2022 dated April 10, 2023, no
                                            governmental entity in the PRC, the BVI or Hong Kong owns any shares of AnnAik Limited.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 10pt; letter-spacing: 0.0pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.0pt">Based
                                            on the examination of shareholder information which are mandated to be made publicly available,
                                            all equity interest of Shanghai Xingyu Environment Engineering Co., Ltd. is owned by six
                                            individuals and no governmental entity in the PRC, the BVI or Hong Kong owns shares of Shanghai
                                            Xingyu Environment Engineering Co., Ltd.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 10pt; letter-spacing: 0.0pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; letter-spacing: 0.0pt">As
                                            of the date of the Original Filing, the Company indirectly held 28.05% equity interest of
                                            Shaoguan Angrui. Shaoguan Angrui was a 55%-owned subsidiary of Shanghai Onway, which in turn
                                            was a 51%-owned subsidiary of Shenzhen Qianhai, an indirect wholly-owned subsidiary of the
                                            Company as of the date of the Original Filing. As of the date of the Original Filing, each
                                            of Guangzhou Ruiyi Environmental Protection Technology Co., Ltd., and Shaoguan Wujiang Runheng
                                            Municipal &amp; Rural Development Investment Co., Ltd. owned 20% equity interest of Shaoguan
                                            Angrui. Each of Guangzhou Ruiyi Environmental Protection Technology Co., Ltd., and Shaoguan
                                            Wujiang Runheng Municipal &amp; Rural Development Investment Co., Ltd. is a PRC state-owned
                                            enterprise.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">On
July 28, 2023, the Company entered into a Sale and Purchase Agreement with Feishang Group Limited for the sale of Precise Space-Time
Technology Limited. After the completion of the sale, subsidiaries of Precise Space-Time Technology Limited, including Shanghai Onway,
Zhejiang Xinyu Environmental Technology Co., Limited and Shaoguan Angrui are no longer our consolidated foreign operating entities.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; letter-spacing: 0.0pt">Based
on the examination of publicly available information on the composition of the remaining shareholders of the Company&rsquo;s consolidated
foreign entities, except as described above, (i) no governmental entities in the PRC, the BVI or Hong Kong own shares of any of the Company&rsquo;s
consolidated foreign entities, and (ii) no governmental entities in the PRC, the BVI or Hong Kong have a controlling financial interest
in the Company&rsquo;s consolidated foreign entities.</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">*****</FONT></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">U.S. Securities and Exchange Commission</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Division of Corporation Finance</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">Disclosure Review Program</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">September 28, 2023<BR>
Page 5</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><FONT STYLE="font-size: 10pt">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.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 3.25in; text-align: left"><FONT STYLE="font-size: 10pt"><BR>
Very truly yours,</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in; text-align: left"><FONT STYLE="font-size: 10pt"><U>/s/
Richard J. Chang, Esq.&#9;</U></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in"><FONT STYLE="font-size: 10pt">Richard J. Chang, Esq.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt 3.25in; text-align: left"><FONT STYLE="font-size: 10pt">Gunderson
Dettmer Stough Villeneuve Franklin &amp; Hachigian, LLP</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">cc: &#9;Youyi ZHU,
Chief Financial Officer, China Natural Resources Inc.</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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