Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 243

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 243
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,360 |   |     |      | — |     |      | — |

| (a) | Service concession assets bearing an imputed interest of 7% arose from the Group's revenue from construction service under a BOT arrangement rendered by the Group's subsidiary, Shaoguan Angrui. The facilities that the service concession arrangement relate to were under construction phases from June 2018 to January 2021 and commenced operation in January 2021. |

The amounts for the
service concession arrangement are not yet due for payment and will be settled by revenue to be generated during the operating periods
of the service concession arrangement. Amounts billed will be transferred to trade receivables.

As of December 31,
2022, the Group’s concession rights and assets associated with the environmental water projects (comprising intangible asset, contract
assets and trade receivables) with aggregate gross carrying amounts of CNY139,060,
were pledged to secure bank loans from Bank of Communications with outstanding balances of CNY74,000.
Please refer to Note 20 for further details.

| F-54 |

| 13. |     | CONTRACT ASSETS 
 (CONTINUED)     |

The movements in the provision for impairment
of contract assets are as follows:

| Schedule of the movements in the provision for impairment of contract assets |     |              |     |     |      |        |   |     |      |      |   |
|                                                                              |     | December 31, |     |     |      |        |   |     |      |      |   |
|                                                                              |     |         2022 |     |     | 2023 |        |   |     | 2023 |      |   |
|                                                                              |     |          CNY |     |     |  CNY |        |   |     |  US$ |      |   |
| Beginning of the year                                                        |     |              | 562 |     |      |    733 |   |     |      |  104 |   |
| Provision for expected credit losses, net                                    |     |              | 171 |     |      |  3,545 |   |     |      |  501 |   |
| Disposal of PSTT                                                             |     |              |   — |     |      | (4,278 | ) |     |      | (605 | ) |
| End of the year                                                              |     |              | 733 |     |      |