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ORGANIZATION AND PRINCIPAL ACTIVITIES
 12 Months Ended
Dec. 31, 2021
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 the date of this report, 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  
  Silver Moon Technologies Limited     BVI   CNY1   80   —   Dormant  
  Sunwide Capital Limited     BVI   *   100   —   Dormant  
  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 mine  
  Precise Space-Time Technology Limited (“PST Technology”)**     Hong Kong   HK$10   100       Investment holding  
  Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”)     PRC/Mainland China   US$800   —   100   Investment holding  
  Shenzhen Qianhai Feishang Environmental Investment Co., Limited (“Shenzhen Qianhai”)**     PRC/Mainland China   CNY100,000   —   100   Investment holding  
  Shanghai Onway Environmental Development Co., Limited (“Shanghai Onway”)**     PRC/Mainland China   CNY20,408   —   51   Construction service, maintenance service and sales of equipment related to wastewater treatment  
  Zhejiang Xinyu Environmental Technology Co., Limited**     PRC/Mainland China   CNY20,000   —   51   Construction service, maintenance service and sales of equipment related to wastewater treatment  
  Shaoguan Angrui Environmental Technology Development Co., Limited (“Shaoguan Angrui”)**     PRC/Mainland China   CNY26,682   —   28   Wastewater and refuse treatment under service concession agreement  

 

*Insignificant
**The Company obtained the control of these entities through acquiring 100% of the equity interests of PST Technology from Mr. Li Feilie on July 27, 2021. Refer to Note 29 for further details.

 

The consolidated financial statements of the Group for the year ended December 31, 2021 were authorized for issuance in accordance with a resolution of the Directors on May 17, 2022.