Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 241

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 241
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 appropriation
and approval of the fiscal funds. Accordingly, the Group granted various credit terms to different customers, depending on the nature
and background of the customers and projects. The Group generally granted customers a credit period of one month to three months, except
for some of the customers for construction services, sales of wastewater treatment equipment and maintenance services who will generally
settle the amounts owed to the Group in a number of specified installments covering periods ranging from one year to five years. Apart
from the trade receivables related to the service concession arrangement which bear no interest, the trade receivables of construction
services, operation and maintenance services and sale of wastewater treatment equipment bear an imputed interest rate of 4.75% per annum.

An aging analysis of the trade receivables
as of the end of the reporting period, based on the invoice date and net of loss allowance, is as follows:

| Schedule of aging analysis of trade receivables |     |              |        |     |      |   |     |      |   |
|                                                 |     | December 31, |        |     |      |   |     |      |   |
|                                                 |     |         2022 |        |     | 2023 |   |     | 2023 |   |
|                                                 |     |          CNY |        |     |  CNY |   |     |  US$ |   |
| Within 1 year                                   |     |              | 18,401 |     |      | — |     |      | — |
| Between 1-2 years                               |     |              | 13,896 |     |      | — |     |      | — |
| Between 2-3 years                               |     |              |  4,518 |     |      | — |     |      | — |
| Over 3 years                                    |     |              | 20,465 |     |      | — |     |      | — |
| Total                                           |     |              | 57,280 |     |      | — |     |      | — |

| F-52 |

| 12. |     | TRADE RECEIVABLES 
 (CONTINUED)       |

The movement in the loss allowance for
trade receivables during the years indicated are as follows:

| Schedule of the movement in the loss allowance for trade receivables |     |              |        |   |     |      |         |   |