Schedule 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934

(Amendment No. )*


CHINA NATURAL RESOURCES, INC.

(Name of Issuer)


Common Shares, no par value

(Title of Class of Securities)


G211OU 10 9

(CUSIP Number)


June 24, 2008

(Date of Event which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:


 

 Rule 13d-1(b)

 

 

ü

 Rule 13d-1(c)

 

 

 

 Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 






CUSIP No.  G211OU 10 9

13G

Page 2 of 7 Pages




1

 

 

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


Lee Yip Investments Ltd.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)

ü

 

 

(b)

 

 

 

 

3

 

 

SEC USE ONLY


4

 

 

CITIZENSHIP OR PLACE OF ORGANIZATION


British Virgin Islands

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

5

SOLE VOTING POWER


-0-

6

SHARED VOTING POWER


1,050,000

7

SOLE DISPOSITIVE POWER


-0-

8

SHARED DISPOSITIVE POWER


1,050,000

9

 

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


1,050,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

 

 

11

 

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)


5.3%

12

 

 

TYPE OF REPORTING PERSON


CO







CUSIP No.  G211OU 10 9

13G

Page 3 of 7 Pages




1

 

 

 

NAME OF REPORTING PERSONS

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)


Tse Chi Kai Tilypse

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)

ü

 

 

(b)

 

 

 

 

3

 

 

SEC USE ONLY


4

 

 

CITIZENSHIP OR PLACE OF ORGANIZATION


Hong Kong Special Administrative Region

 

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

 

5

SOLE VOTING POWER


-0-

6

SHARED VOTING POWER


1,050,000

7

SOLE DISPOSITIVE POWER


-0-

8

SHARED DISPOSITIVE POWER


1,050,000

9

 

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


1,050,000

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

 

 

11

 

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)


5.3%

12

 

 

TYPE OF REPORTING PERSON


IN









CUSIP No.  G211OU 10 9

13G

Page 4 of 7






ITEM 1.

(a)

NAME OF ISSUER:

 

China Natural Resources, Inc.

 

ITEM 1.

(b)

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

Room 2205, 22/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong

 

ITEM 2.

(a)

NAME OF PERSON FILING:

 

(i)

Lee Yip Investments Ltd.

(ii)

Tse Chi Kai Tilypse

 

ITEM 2.

(b)

ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:

 

(i)

14/F., 81 Hung To Road, Kwun Tong, Kowloon, Hong Kong

(ii)

14/F., 81 Hung To Road, Kwun Tong, Kowloon, Hong Kong

 

ITEM 2.

(c)

CITIZENSHIP/PLACE OF ORGANIZATION:

 

(i)

British Virgin Islands

(ii)

Hong Kong Special Administrative Region

 

ITEM 2.

(d)

TITLE OF CLASS OF SECURITIES:

 

Common Shares, no par value

 

ITEM 2.

(e)

CUSIP NUMBER:

 

G211OU 10 9

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE FILING PERSON IS A:

 

(a)

£

Broker or dealer registered under Section 15 of the Act.

(b)

£

Bank as defined in Section 3(a)(6) of the Act.

(c)

£

Insurance Company as defined in Section 3(a)(19) of the Act.

(d)

£

Investment company registered under Section 8 of the Investment Company Act of 1940.

(e)

£

An investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E).

(f)

£

An employee benefit plan or endowment in accordance with Rule 13d-1(b)(1)(ii)(F).

(g)

£

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

(h)

£

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)

£

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940.

(j)

£

Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

ITEM 4.

OWNERSHIP:

 

(a)

Amount Beneficially Owned:

1,050,000

 

(b)

Percent of Class:

5.3%

 

(c)

Number of shares as to which such person has:







CUSIP No.  G211OU 10 9

13G

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(i)

Sole power to vote or direct the vote:

-0-

(ii)

Shared power to vote or direct the vote:

1,050,000

(iii)

Sole power to dispose of or direct the disposition of:

-0-

(iv)

Shared power to dispose of or direct the disposition of:

1,050,000

 

The shares consist of 700,000 common shares and currently exercisable common stock purchase warrants to purchase 350,000 common shares. The record holder of the shares is Lee Yip Investments Ltd.

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

 

Not applicable.

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

 

Not applicable.

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OF CONTROL PERSON:

 

Not applicable.

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

 

The members of the group are identified in Item 2(a) of this Schedule.

 

ITEM 9.

NOTICE OF DISSOLUTION OF THE GROUP:

 

Not applicable.

 

ITEM 10.

CERTIFICATION:

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.






CUSIP No.  G211OU 10 9

13G

Page 6 of 7



SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 30, 2008


 

 

LEE YIP INVESTMENTS LTD.

 

 

 

 

 

 

 

 

 

 

By:

/s/ TSE CHI KAI TILYPSE

 

 

 

Tse Chi Kai Tilypse, Director

 

 

 

 

 

 

/s/ TSE CHI KAI TILYPSE

 

 

Tse Chi Kai Tilypse







CUSIP No.  G211OU 10 9

13G

Page 7 of 7



Exhibit 1


JOINT FILING AGREEMENT

PURSUANT TO RULE 13d-1(k)(1)



The undersigned acknowledge and agree that the foregoing statement of Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed in behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filings of such amendments, and for the completeness or accuracy of the information concerning it contained therein, but shall not be responsible for the completeness or accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is accurate.



Dated:

September 30, 2008


 

 

LEE YIP INVESTMENTS LTD.

 

 

 

 

 

 

 

 

 

 

By:

/s/ TSE CHI KAI TILYPSE

 

 

 

Tse Chi Kai Tilypse, Director

 

 

 

 

 

 

/s/ TSE CHI KAI TILYPSE

 

 

Tse Chi Kai Tilypse