Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 261

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 261
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     | CNY |       |     | US$ |      |
| Wages, salaries and allowances                                    |     |                         | 1,171 |     |     | 1,014 |     |     |  143 |
| Housing funds                                                     |     |                         |    16 |     |     |    16 |     |     |    2 |
| Contribution to pension plans                                     |     |                         |    65 |     |     |    64 |     |     |    9 |
|                                                                   |     |                         | 1,252 |     |     | 1,094 |     |     |  154 |

The
amounts disclosed in the table are the amounts recognized as expenses during the respective period related to key management personnel.

| 26. |     | SHARE-BASED PAYMENTS |

Warrants to the placement agent

The
Company issued and sold an aggregate of 3,960,000 of its common shares at a price of US$1.85 per share to certain institutional investors
on January 22, 2021 through a private placement. In a concurrent private placement, the Company issued the warrants:

| (i) |     | to the institutional investors (the “investor warrants”), which gave the right to purchase an aggregate of 1,584,000 common shares of the Company with an exercise price of US$2.35 per share. The investor warrants are exercisable up to three years after January 22, 2021. The Company recognized the investor warrants issued as derivative financial liabilities as the investors have the right to exercise their warrants on a cashless basis according to the agreement clause. |

| (ii) |     | to the placement agent (the “agent warrants”) as part of placement service fees, which gave the right to purchase an aggregate of 396,000 common shares with an exercise price of US$2.35 per share. The agent warrants are exercisable up to three years after July 21, 2021. There are no cash settlement alternatives. The Group does not have a past practice of cash settlement for the warrants. The Group accounts for the warrants as equity-settled share-based payment. |

The fair value of the agent warrants is
estimated at the grant date using a binomial option pricing model. The amount was allocated to the issuance of the common shares and the
investor warrants according to their fair value at the date of issuance, and CNY1,862 (