Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 242

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 242
---
 |      |        |   |
|                                                                      |     | December 31, |        |   |     |      |         |   |     |      |        |   |
|                                                                      |     |         2022 |        |   |     | 2023 |         |   |     | 2023 |        |   |
|                                                                      |     |          CNY |        |   |     |  CNY |         |   |     |  US$ |        |   |
| Beginning of the year                                                |     |              | 17,614 |   |     |      |  13,625 |   |     |      |  1,925 |   |
| (Reversal)/provision for expected credit losses, net                 |     |              | (3,989 | ) |     |      |     383 |   |     |      |     54 |   |
| Disposal of PSTT                                                     |     |              |      — |   |     |      | (14,008 | ) |     |      | (1,979 | ) |
| End of the year                                                      |     |              | 13,625 |   |     |      |       — |   |     |      |      — |   |

A decrease in the loss allowance of CNY139
(US$20) (2022: increase CNY3,992) was the result of a net decrease (2022: a net increase) in the gross carrying amount after the settlement
of trade receivables of construction contracts and origination of new trade receivables of construction contracts.

The Group elected to apply the simplified
approach for providing impairment for ECLs prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all
trade receivables. To measure the ECLs, trade receivables were grouped based on the shared credit risk characteristics and the days past
due. The ECLs below also incorporate forward-looking information. The impairment as of December 31, 2022 was determined as follows:

| Schedule of impairment      |     |          |     |               |   |     |           |   |     |           |    |     |              |     |     |        |   |
|                             |     | Past due |     |               |   |     |           |   |     |           |    |     |              |     |     |