China Natural Resources, Inc. Secures Nasdaq Compliance Extension - January 2025 Report

Here are the key insights extracted from the financial report (Form 6-K) of China Natural Resources, Inc. for January 2025:
- Compliance with Nasdaq Listing Requirements:
- The company has been granted an additional 180 calendar days, until June 30, 2025, to meet the $1.00 per share minimum bid price requirement for continued listing on the Nasdaq Capital Market.
- This extension follows a notification on July 5, 2024, indicating that the company's share price had been below the minimum requirement for 30 consecutive business days.
- The company failed to regain compliance by the initial deadline of January 2, 2025.
- Conditions for Compliance:
- To regain compliance within the new period, the company's shares must close at or above $1.00 for a minimum of ten consecutive trading days.
- The company plans to monitor its stock price closely and may consider a reverse stock split if necessary to meet the bid price requirement.
- Current Status of Shares:
- The common shares of the company will continue to trade on Nasdaq under the symbol "CHNR" during this compliance period.
- Future Actions:
- The company has expressed its intention to take appropriate actions to regain compliance, though it acknowledges that there is no guarantee of success.
- Press Release Issued:
- On January 6, 2025, the company issued a press release regarding the receipt of the extension notice, which is included as Exhibit 15.1 in the filing.
- Registration Statement Incorporation:
- This report is incorporated by reference into the Registration Statement on Form F-3 (File No. 333-268454) of China Natural Resources, Inc. and related prospectuses.
This information is crucial for investors and stakeholders tracking the company's compliance status, share performance, and potential actions that may affect the stock's future.