Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 97

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 97
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 in May 2004. It is a wholly owned subsidiary of Feishang Yongfu.
 Yunnan Mining
 Yunnan Mining was incorporated in the PRC in June 2007. It is a wholly owned subsidiary of Yangpu Shuanghu.
 
D.   Property, Plant and Equipment
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 The Company’s administrative offices and its principal subsidiaries are located in Hong Kong, Shenzhen (Guangdong province) and Bayannaoer City (Inner Mongolia Autonomous Region) in the PRC.
 On April 1, 2017, the Company signed an office sharing agreement with Anka Consultants Ltd. (“Anka”), a related party, which superseded all previously signed agreements between the parties, pursuant to which the Company shares 184 square meters of the total area of the office premises. The agreement also provides that the Company shares certain costs and expenses in connection with its use of the office, in addition to certain accounting and secretarial services and day-to-day office administration services provided by Anka. Anka’s current lease with the unrelated landlord is for two years, from July 1, 2024, to June 30, 2025. For the years ended December 31, 2022, 2023 and 2024, the Company paid its share of rental expenses and rates to Anka amounting to approximately CNY776,086, CNY730,149 and CNY370,923 (US$50,825), respectively.

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On January 1, 2018, Feishang Management signed an office sharing agreement with Feishang Enterprise. On October 1, 2024, Feishang Management signed a new contract with Feishang Enterprise, which expired on September 30, 2025. Pursuant to the agreement, Feishang Management shared 40 square meters of the office premises, and annual rent was CNY165,600, CNY165,600 and CNY165,600 (US$22,691) for the years ended December 31, 2022, 2023 and 2024, respectively.
 Bayannaoer Mining
 The offices and exploration site of Bayannaoer Mining are located in Bayannaoer City, Inner Mongolia Autonomous Region in the PRC. The property, plant and equipment of Bayannaoer Mining mainly includes buildings, vehicles, office equipment and furniture, with a total net value as of December 31, 2024, of approximately CNY0.