Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 288

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 288
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 receivables from Feishang Group amounted to
CNY95,761 and a liability due to shareholders amounted to CNY95,761.

Completion
of the transaction as contemplated by the SPA is contingent upon the satisfaction of a number of conditions, including, among other things,
the issuance of independent technical reports, the actual quantity of qualified lithium oxide metal resources proven or estimated to
exist in each mining area covered by the relevant report, and the Company’s full settlement of the purchase consideration.

| F-111 |

| CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(Amounts in thousands, except share and per share data) |

18. RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)

| (c) |     | Balances with related companies |

The
Company’s balances with related companies are unsecured and non-interest bearing. Feishang Enterprise and the Shareholder have
provided letters stating their continuous financial support to the Group and that they will not recall any amounts due to them until
the Group has sufficient liquidity to finance its operations. The balances are summarized as follows:

| Schedule of balances with related companies |     |       |      |     |          |        |     |            |        |     |            |        |
|                                             |     |       |      |     | December 
      31, |        |     |   June 30, |        |     |            |        |
|                                             |     |       |      |     |     2023 |        |     |       2024 |        |     |       2024 |        |
|                                             |     |       |      |     |      CNY |        |     |        CNY |        |     |        US$ |        |
|                                             |     | Notes |      |     | -Audited |        |     | -Unaudited |        |     | -Unaudited |        |
| Current:                                    |     |       |      |     |          |        |     |            |        |     |            |        |
| Payable to related companies:               |     |       |      |     |          |        |     |            |        |     |            |        |
| Feishang Enterprise**                       |     |       | -i   |     |          |  6,078 |     |            |