China Natural Resources, Inc. - Common Shares (CHNR)

HongKong, March 20, 2026 -- China Natural Resources, Inc. (NASDAQ: CHNR) ("CHNR" or the "Company"), a holding company that operates in exploration and mining business, today announced that it has signed a non-binding Letter of Intent ("LOI") with Feishang Group Limited, its principal shareholder ("Feishang"), to acquire 100% shares of a wholly owned subsidiary of Feishang that will own, directly or indirectly, 59.79% of the equity interest of HooRii Technology (HK) Limited ("HooRii"), a limited liability company incorporated in Hong Kong specializing in physical AI development, through the combination of IOT and artificial intelligence, to bring AI into the physical world (the "Acquisition"). The Company has established a special committee consisting of all of the independent directors to evaluate the Acquisition.