 CHINA NATURAL RESOURCES, INC. NASDAQ: CHNR the Company, a company based in the Peoples Republic of China the PRC, today announced that it had entered into a Sale and Purchase Agreement Sale and Purchase Agreement with Feishang Group Limited Feishang Group, pursuant to which the Company issued 9,077,166 shares of the Companys common stock, no par value, to Feishang Group, in exchange for 120,000,000 shares of Feishang Anthracite Resources Limited, a company that is traded on the main board of the Hong Kong Stock Exchange under ticker 1738 1738, with an approximate aggregate value of HK87,522,000 determined at a price of HK1.006 per share, representing the average closing price of 1738 on the five trading days before August 17, 2020, adjusted for a 27.5 discount based on an independent valuation report. Feishang Group is the largest stockholder in the Company, and is wholly owned by Mr. Li Feilie, who also beneficially owns 53.53 of the outstanding equity of 1738. 