Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 272

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 272
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) | Amendments to IAS 7 and IFRS 7 clarify the characteristics of supplier finance                                                            
 arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist 
 users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows        
 and exposure to liquidity risk. The disclosure of relevant information for supplier finance arrangements is not required for any interim  
 reporting period during the first annual reporting period in which an entity applies the amendments. As the Group does not have supplier  
 finance arrangements, the amendments did not have any impact on the interim condensed consolidated financial statements.                  |

| F-93 |

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

| 3. | DISCONTINUED OPERATIONS |

On July 28, 2023, the Company’s board
of directors had approved the Sale and Purchase Agreement (“SPA") with Feishang Group. Pursuant to the SPA, the Company agreed
to sell 100% equity interest of Precise Space-Time Technology Limited ("PSTT") to Feishang Group, together with PSTT's outstanding
payable owed to the Company, for consideration of approximately CNY95,761 comprising: (i) CNY-34,197, the fair value of 100% equity interest
of PSTT as determined by the independent valuation report dated July 28, 2023. (ii) CNY129,958, the book value of PSTT's outstanding payable
owed to the Company (referred as Disposal of PSTT). PSTT operated the wastewater treatment segment. After the disposal, the Company will
not operate any wastewater treatment business and will continue operating its exploration and mining business.

The Disposal of PSTT was accounted for as
an equity transaction of entities under common control.

The results of PSTT for the period ended
June 30, 2023 are presented below.

| Schedule of disposal pstt                            |     | Six Months          
 Ended June 30, 2023 |            |   |
|:-----------------------------------------------------|:----|:--------------------|-----------:|:--|
|                                                      |     |                     |        CNY |   |
|                                                      |     |                     | -Unaudited |   |
| Revenue                                              |     |                     |