[On August 24, 2010, Guizhou Puxin Energy Co., Inc. (“Guizhou Puxin”), an indirect wholly-owned subsidiary of China Natural Resources Inc. (the “Company”) based in the People’s Republic of China (“PRC”), entered into a bank financing agreement to fund Guizhou Puxin’s acquisition of specific business projects. The RMB150 million (US$22.06 million) mid-term credit facility is being provided by the Chongqing Branch]