Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 244

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 244
---
The movements in the loss allowance for
other receivables during the years indicated are as follows:

| Schedule of movements in the loss allowance for other receivables |     |              |       |     |      |        |   |     |      |        |   |
|                                                                   |     | December 31, |       |     |      |        |   |     |      |        |   |
|                                                                   |     |         2022 |       |     | 2023 |        |   |     | 2023 |        |   |
|                                                                   |     |          CNY |       |     |  CNY |        |   |     |  US$ |        |   |
| Beginning of the year                                             |     |              |   239 |     |      |  2,984 |   |     |      |    423 |   |
| Provision for expected credit losses, net                         |     |              | 2,745 |     |      |  6,003 |   |     |      |    848 |   |
| Disposal of PSTT                                                  |     |              |     — |     |      | (8,987 | ) |     |      | (1,271 | ) |
| End of the year                                                   |     |              | 2,984 |     |      |      — |   |     |      |      — |   |

For the financial assets included above, an impairment analysis is performed at each reporting date using the probability-of-default approach to measure ECL. The probability of default rates are estimated based on comparable companies with published credit ratings. The calculation reflects the probability weighted outcome, the time value of money and reasonable and supportable information that is available at the reporting date about past events, current conditions, and forward-looking credit risk information. As of December 31, 2023, the probability of default applied was nil, and the loss given default was nil. The loans to a unrelated company included in other receivables as part of the wastewater treatment business were disposed together by the Company on July 28, 2023 (Note 3), with the probability of default applied was 14.97% (5.51% as of December 31, 2022), and the loss given default was 64.90% (62.26% as of December 31, 2022).

| F-56 |

| 16. |     | CASH AND C