Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 249

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 249
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 | CNY                                       |   |     | CNY   |       |
| Recurring fair value measurement:                                                                          |     |                                           |   |     |                                         |       |     |                                           |   |     |       |       |
| Financial assets                                                                                           |     |                                           |   |     |                                         |       |     |                                           |   |     |       |       |
| Bills                                                                                                      
 receivable                                                                                                 |     |                                           | — |     |                                         | 8,500 |     |                                           | — |     |       | 8,500 |
| Financial liabilities                                                                                      |     |                                           |   |     |                                         |       |     |                                           |   |     |       |       |
| Derivative                                                                                                 
 financial liabilities                                                                                      |     |                                           | — |     |                                         |   824 |     |                                           | — |     |       |   824 |

There
are no financial assets measured at fair value as of December 31, 2021 and 2023.

| F-62 |

| 21. |     | FINANCIAL               
 INSTRUMENTS (CONTINUED) |

Level 2:

Bills receivable

The fair value valuation of bills receivable
is based on directly or indirectly observable inputs (such as recent bill discount rate) through valuation techniques.

Derivative financial liabilities

The fair value of financial instruments
that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of relevant
observable inputs and minimize the use of unobservable inputs. If all significant inputs required to fair value an instrument are observable,
the instrument is included in Level 2.

There is no established public trading
market for the warrants issued to investors on January 22, 2021. As of December 31, 2022, the Group measured the fair value of those warrants
on a recurring basis using a binomial lattice pricing model with significant inputs including, among other relevant observable inputs,
the underlying spot price of the Company’s common shares, exercise price, time to expiration, risk-free rate and equity volatility.

During the years ended 2022 and 2023,
there were no transfers of fair value measurements between Level 1 and Level 2 and no transfers into or out of Level 3 for both financial
assets and liabilities.

| F-63 |

| 22. |     | FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES |

The
financial instruments of the Group