Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 271

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 271
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 Amendments to IFRS 16          | Lease Liability in a Sale and Leaseback                                         |
| Amendments to IAS 1            | Classification of Liabilities as Current or Non-current (the “2020 Amendments”) |
| Amendments to IAS 1            | Non-current Liabilities with Covenants (the “2022 Amendments”)                  |
| Amendments to IAS 7 and IFRS 7 | Supplier Finance Arrangements                                                   |

The nature and impact of the revised IFRSs
that are applicable to the Group are described below:

| (a) | Amendments to IFRS 16 specify the requirements that a seller-lessee uses                                                               
 in measuring the lease liability arising in a sale and leaseback transaction to ensure the seller-lessee does not recognise any amount 
 of the gain or loss that relates to the right of use it retains. Since the Group has no sale and leaseback transactions with variable  
 lease payments that do not depend on an index or a rate occurring from the date of initial application of IFRS 16, the amendments did  
 not have any impact on the financial position or performance of the Group.                                                             |

| (b) | The 2020 Amendments clarify the requirements for classifying liabilities                                                                         
 as current or non-current, including what is meant by a right to defer settlement and that a right to defer must exist at the end of the         
 reporting period. Classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement.     
 The amendments also clarify that a liability can be settled in its own equity instruments, and that only if a conversion option in a convertible 
 liability is itself accounted for as an equity instrument would the terms of a liability not impact its classification. The 2022 Amendments      
 further clarify that, among covenants of a liability arising from a loan arrangement, only those with which an entity must comply on or          
 before the reporting date affect the classification of that liability as current or non-current. Additional disclosures are required for         
 non-current liabilities that are subject to the entity complying with future covenants within 12 months after the reporting period.              |

The Group has reassessed the terms and
conditions of its liabilities as at 1 January 2023 and 2024 and concluded that the classification of its liabilities as current or non-current
remained unchanged upon initial application of the amendments. Accordingly, the amendments did not have any impact on the financial position
or performance of the Group.

| (c