Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 108

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 108
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     |        | 376 |     |            | — |     |            | — |     |            | — |
| Long-term                                   
 debt obligations, including current portion |     |               |   — |     |        |   — |     |            | — |     |            | — |     |            | — |
|                                             |     |               | 376 |     |        | 376 |     |            | — |     |            | — |     |            | — |

Our primary lease liabilities are composed of motor
vehicles and office and warehouse rent expenses. For details about our long-term debt obligations, see “– Related Party Transactions.”

Other Known Contractual and Other Obligations

Please refer to “–
Related Party Transactions” for a discussion of amounts due to and from our affiliates.

Except as disclosed above
and discussed under “– Related Party Transactions – Acquisition of FARL Shares in Exchange for Newly Issued Company
Shares,” “– Related Party Transactions – Acquisition and Sale of PST Technology,” and “– Related
Party Transactions –Acquisition of Williams Minerals,” there have been no significant changes in the Company’s
financial condition and liquidity during the years ended December 31, 2021, 2022 and 2023 and the six months ended June 30, 2024.

Under the Cooperation Agreement,
Jijincheng Mining, rather than the Company, is the party to any contracts relating to exploratory work relating to the northern part of
Moruogu Tong Mine. In the event we determine to pursue a mining permit and thereafter engage in mining at the Moruogu Tong Mine, we will
be required, among other things, for mine construction and development, to build roads and make provision for water and electricity at
the mine site. There will be significant capital expense for these and other projects. We intend to fund those capital expenditures from
the proceeds of loans from our Related-Party Debtholders, if available, payments pursuant to the Cooperation Agreement and, to the
extent deemed necessary, bank borrowings.

| 64 |

Off Balance Sheet Arrangements

The
Company has no off-balance sheet arrangements that have had or are reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that would be material to investors.

Other Information

On July 28, 2023, the Company entered into a Sale