Share Combination - China Natural Resources announced a 5-to-1 share combination to increase the per share trading price to meet the $1.00 minimum bid price requirement for Nasdaq listing[3] - Following the share combination, approximately 8,189,617 common shares will be issued and outstanding[3] - The share combination will not alter any shareholder's percentage interest in the company's outstanding common shares[2] - All outstanding options, warrants, and other rights to purchase common shares will be adjusted proportionately due to the share combination[2] Acquisition - The company agreed to acquire Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of $1.75 billion[4] - The acquisition of Williams Minerals is expected to close in the second fiscal quarter of 2023[4] Business Strategy - The company is engaged in the wastewater treatment industry and exploring further business opportunities in the healthcare and natural resources sectors[4] - The company aims to enhance its financial position and growth potential through strategic acquisitions in the natural resources sector[5] Risks and Uncertainties - The company faces risks related to geopolitical turmoil, metal price volatility, and compliance with Nasdaq listing rules[5] - Forward-looking statements indicate uncertainties regarding the company's ability to fund operations and capital expenditures[5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM 20-F ———————— (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: _____________ to _____________ OR ¨ SHELL CO ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ———————— FORM 20-F ———————— (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: _____________ to _____________ OR ¨ SHELL CO ...