Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 187

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 187
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 consequences of a mark-to-market election with respect
to Common Shares under their particular circumstances.

Each
U.S. Holder should consult its own tax advisor regarding the availability and desirability of, and procedure for, making a timely and
effective QEF election (including a “pedigreed” QEF election where necessary) for the Company and any Subsidiary PFIC.

Receipt of Foreign Currency

The
amount of any distribution or proceeds paid in any currency other than U.S. dollars to a U.S. Holder in connection with the ownership
of Common Shares, or on the sale or other taxable disposition of Common Shares will be included in the gross income of a U.S. Holder as
translated into U.S. dollars calculated by reference to the exchange rate prevailing on the date of actual or constructive receipt of
the payment, regardless of whether the currency is converted into U.S. dollars at that time. If the currency received is not converted
into U.S. dollars on the date of receipt, a U.S. Holder will have a basis in the currency equal to its U.S. dollar value on the date of
receipt. Any U.S. Holder who receives payment in non-U.S. currency and engages in a subsequent conversion or other disposition of the
currency may have a foreign currency exchange gain or loss that would generally be treated as ordinary income or loss, and generally will
be U.S. source income or loss for foreign tax credit purposes. Different rules apply to U.S. Holders who use the accrual method with respect
to foreign currency.

Each
U.S. Holder should consult its own U.S. tax advisor regarding the U.S. federal income tax consequences of receiving, owning, and disposing
of non-U.S. currency.

| 110 |

Information Reporting; Backup Withholding

Under
U.S. federal income tax law, certain categories of U.S. Holders must file information returns with respect to their investment in, or
involvement in, a non-U.S. corporation. For example, U.S. return disclosure obligations (and related penalties) are imposed on individuals
who are U.S. Holders that hold certain specified foreign financial assets in excess of certain threshold amounts. The definition of “specified
foreign financial assets” includes not only financial accounts maintained in non-U.S. financial institutions, but also, if held
for investment and not in an account maintained by certain financial institutions, any stock or security issued by a non-U.S. person,
any financial instrument or