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ORGANIZATION AND PRINCIPAL ACTIVITIES | 12 Months Ended
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Dec. 31, 2024
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 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 2024, the Company had direct and indirect interests in the following subsidiaries, the particulars of which are set out below:
Schedule of direct and indirect interests in subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 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, 2024 were authorized for issuance in accordance with a resolution of the Directors executed on May 15, 2025.

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