Core Points - China Natural Resources, Inc. received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement due to its common shares closing below $1.00 for 30 consecutive business days [1] - The company has a compliance period of 180 calendar days, until January 2, 2025, to regain compliance with the minimum bid price requirement [2] - If the company's share price reaches at least $1.00 for ten consecutive business days during the compliance period, Nasdaq will confirm compliance [2] - If compliance is not achieved by January 2, 2025, the company may be eligible for an additional 180-day grace period [2] Company Overview - China Natural Resources, Inc. is a British Virgin Islands corporation engaged in the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the People's Republic of China [3] - The company is actively exploring further business opportunities in the natural resources sector and other sectors [3]
China Natural Resources Receives Nasdaq Notification Regarding Minimum Bid Requirements