<SEC-DOCUMENT>0001079973-24-000805.txt : 20240801
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<ACCEPTANCE-DATETIME>20240524104358
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ACCESSION NUMBER:		0001079973-24-000805
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240524

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA NATURAL RESOURCES INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">Correspondence</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">May 24, 2024<BR>
<BR>
United States Securities and Exchange Commission</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Office of Energy &amp; Transportation</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Attention: Liz Packebusch and Daniel Morris</P>

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

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    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>China Natural Resources Inc.<FONT STYLE="font-size: 11pt">&nbsp;</FONT></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Registration Statement on Form F-1</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Filed March 18, 2024</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>File No. 333-278037</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">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 April 8, 2024 (the &ldquo;<U>Comment
Letter</U>&rdquo;), pertaining to the Company&rsquo;s above-referenced Registration Statement on Form F-1 (the &ldquo;<U>Form F-1</U>&rdquo;).
In connection with such responses, the Company is concurrently filing Amendment No. 1 to the Form F-1 (the &ldquo;<U>Amendment</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Set forth below are the Company&rsquo;s responses
to the Staff&rsquo;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&rsquo;s comments is reproduced in italics below. Capitalized terms used but not defined
herein have the meanings set forth in the Form F-1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><U>Registration Statement on Form F-1 filed
March 18, 2024 </U></P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>1.</I></TD><TD><I>We note Section 1.2 of counsel's PRC Legal Opinion at Exhibit 99.2 states, &ldquo;We are of the opinion that solely for the purpose
of this Warrants Shares Resale Registration, the Company is not required to perform the filing procedures with the CSRC prior to the exercise
of the warrants.&rdquo; We further note disclosure on your prospectus cover page stating that the Company shall make filings on the offering
with the CSRC within three working days after the offering is completed, and risk factor disclosure at page 24 stating that, based on
the Trial Measures of Overseas Listing, if the Company issues new securities in the future, you need to fulfill the CSRC filing procedures.
Please revise to clarify, with respect to this offering, whether, and if so, when, you are required to make a filing with the CSRC under
the Trial Measures.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in">In response to the Staff&rsquo;s
comment, the Company respectfully submits that, according to the opinion of the Company&rsquo;s 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 &quot;Warrant Shares Resale Registration&quot;), it is 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 the 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. It may be required to report to, or file with, the 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. Accordingly, the Company has revised the disclosure on the prospectus
cover page and page 23 of the Amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>2.</I></TD><TD STYLE="text-align: justify"><I>In comparing your China-based companies disclosure against your most recent Form F-3 (File No. 333-268454) we note certain changes
to your disclosure appearing on the cover page, in your Prospectus Summary and Risk Factor sections relating to legal and operational
risks associated with operating in the PRC. It is unclear to us that there have been changes in the regulatory environment in the PRC
since that Form F-3 went effective on February 10, 2023, warranting revised disclosure to mitigate the challenges you face and related
disclosures. We remind you that, pursuant to federal securities rules, the term &ldquo;control&rdquo; (including the terms &ldquo;controlling,&rdquo;
&ldquo;controlled by,&rdquo; and &ldquo;under common control with&rdquo;) as defined in Securities Act Rule 405 means &ldquo;the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership
of voting securities, by contract, or otherwise.&rdquo; We do not believe, for instance, that disclosure referencing the PRC government&rsquo;s
&quot;significant authority&quot; conveys the same risk. We note further that the Division's Sample Letters to China-Based Companies also
sought specific disclosures relating to uncertainties regarding the enforcement of laws and that the rules and regulations in China can
change quickly with little advance notice. Please restore your disclosures in these areas to the disclosures as they existed in the Form
F-3 effective as of February 10, 2023.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in">The Company acknowledges
the Staff&rsquo;s comment and has revised the disclosure on the prospectus cover page and pages 3 and 18 of the Amendment accordingly.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><I>3.</I></TD><TD><I>Please update your financial statements and corresponding financial information throughout the filing to comply with Item 8.A.4
of Form 20-F pursuant to the requirements outlined within Item 4 of Form F-1.</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.25in">The Company respectfully
advises the Staff that it has amended the disclosure to comply with Item 8.A.4 of Form 20-F pursuant to the requirements outlined within
Item 4 of Form F-1 in the Amendment.</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in"><U>/s/ Richard J. Chang</U></P>

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

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

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

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