Company: CHNR
Filing Date: 2025-12-31
Form Type: 6-K
Source: 0001553350-25-000219
Chunk: 10

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-12-31
Form: 6-K
Chunk 10
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| F-12 |

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

| 5. |     | INCOME TAX EXPENSE |

The Company is incorporated in
the BVI and conducts its primary business operations through its subsidiaries in mainland China. It also has intermediate holding companies
in the BVI and Hong Kong. Under the current laws of the BVI, the Company and its subsidiaries incorporated in the BVI are not subject
to tax on income or capital gains. The Hong Kong Profits Tax rate is 16.50%. The Company’s Hong Kong subsidiaries have both Hong
Kong–sourced and non-Hong Kong–sourced income. The latter is not subject to Hong Kong Profits Tax and the related expenses
are non-tax-deductible. For the Hong Kong–sourced income, no provision for Hong Kong Profits Tax was made as such operations sustained
tax losses during the period ended June 30, 2024 and 2025. Furthermore, there are no withholding taxes in Hong Kong on the remittance
of dividends.

China

Under the Law of the PRC on corporate
income tax and the Implementation Regulation of the Corporate Income Tax Law (collectively, the “CIT Law”), the Company’s
PRC subsidiaries are generally subject to PRC corporate income tax at the statutory rate of 25% on their respective estimated assessable
profits for the six months ended June 30, 2024 and 2025.

Under the prevailing CIT Law and
its relevant regulations, any dividends paid by the Company’s mainland China subsidiaries from their earnings derived after January
1, 2008 to the Company’s Hong Kong subsidiaries are subject to PRC dividend withholding tax of 5% or 10%, depending on the applicability
of the Sino-Hong Kong tax treaty.

| F-13 |

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

| 6. |     | LOSS PER SHARE |

Basic loss per share is calculated
by dividing the loss for the period attributable to ordinary equity holders of the Company by the weighted average number of common shares
outstanding during the