Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 266

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 266
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 |        |   |     | 2023 |      |   |
|                                     |     |      | CNY    |   |     |      | CNY    |   |     |      | US$  |   |
| Within                              
 operating activities                |     |      | (250   | ) |     |      | (323   | ) |     |      | (46  | ) |
| Within                              
 financing activities                |     |      | (1,253 | ) |     |      | (1,024 | ) |     |      | (145 | ) |
| Total                               
 cash outflow for leases             |     |      | (1,503 | ) |     |      | (1,347 | ) |     |      | (191 | ) |

| 29. |     | COMMITMENTS |

At December 31 2023, the Company had
capital commitments of CNY2,432
(December 31 2022: Nil 0) associated with mineral exploration for the Zimbabwean lithium mine. The corresponding capital expenditures
will be paid along with the progress of the exploration works once the mine formally enters into the exploration phase.

| 30. |     | SUBSEQUENT EVENTS |

Direct Placement of Common Shares and Private Placement Warrants

On February 16, 2024, the Company entered
into a securities purchase agreement with certain institutional investors, pursuant to which the Company agreed to issue and sell, (i)
in a registered direct offering, up to an aggregate of 1,487,870 of common shares with no par value of the Company at a per share
purchase price of US$2.20 (the “Registered Offering”), and (ii) in a concurrent private placement, warrants initially
exercisable for the purchase of an aggregate of 1,115,903 common shares of the Company at an exercise price of $3.00 per share, for gross
proceeds of approximately US$3.01 million, before deducting fees to the placement agent and other estimated offering expenses payable
by the Company. The Registered Offering was closed on February 21, 2024.

<div align='center'>F-85</div>

<div align='center'>CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 202