Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 179

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 179
---
 or organized in or under the laws of the U.S., any state thereof or the District of Columbia; |

| · |     | An estate the income of which is subject to U.S. federal income 
 taxation regardless of its source; or                           |

| · |     | A trust that (a) is subject to the primary supervision of a                                                                           
 court within the U.S. and the control of one or more U.S. persons for all substantial decisions or (b) has a valid election in effect 
 under applicable Treasury Regulations to be treated as a U.S. person.                                                                 |

This
discussion is based on current provisions of the Code, existing, temporary and proposed Treasury Regulations promulgated thereunder, published
administrative pronouncements of the Internal Revenue Service (the “IRS”), and other applicable authorities, all of which
are subject to change or to differing interpretation, possibly with retroactive effect. Any such change or differing interpretation could
alter the tax consequences described in this discussion. There can be no assurance that the IRS will not challenge one or more of the
tax consequences described herein, and we have not obtained, nor do we intend to obtain, a ruling with respect to the U.S. federal income
tax consequences to a U.S. Holder of the ownership or disposition of Common Stock.

This
summary does not address the U.S. federal income tax considerations of ownership or disposition of Common shares by U.S. Holders that
are subject to special provisions under the Code, including, but not limited to, the following: (a) tax-exempt organizations, qualified
retirement plans, individual retirement accounts, or other tax-deferred accounts; (b) financial institutions, underwriters, insurance
companies, real estate investment trusts, or regulated investment companies; (c) broker-dealers, dealers, or traders in securities or
currencies that elect to apply a “mark-to-market” accounting method; (d) U.S. Holders that have a “functional
currency” other than the U.S. dollar; (e) U.S. Holders that own Common shares as part of a straddle, hedging transaction, conversion
transaction, constructive sale, or other arrangement involving more than one position; (f) U.S. Holders that acquire Common shares in
connection with the exercise of employee stock options or otherwise as compensation for services; (g) U.S. Holders that hold Common shares
other than as a capital asset within the meaning of Section 1221