Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 257

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 257
---
 |     |                        |     |         |
|                                                               |     | Other capital reserves |     |         |
|                                                               |     |                    CNY |     |     US$ |
| As of January 1, 2022                                         |     |                719,110 |     | 101,589 |
| Equity inventive share-based payment (Note 26)                |     |                 16,209 |     |   2,290 |
| As of December 31, 2022                                       |     |                735,319 |     | 103,879 |
| As of January 1, 2023                                         |     |                735,319 |     | 103,879 |
| Deemed distribution from the controlling shareholder (Note 3) |     |                 20,382 |     |   2,880 |
| Equity-settled share-based payments                           |     |                  3,074 |     |     435 |
| As of December 31, 2023                                       |     |                758,775 |     | 107,194 |

Other
capital reserves of the Company are mainly for equity-settled share-based compensation, the exercise of stock options, the exercise of
warrants, the business combination and the deemed contribution from the Shareholder and related companies.

| (c) |     | Dividend restrictions and reserves |

Due
to the Group's structure, the payment of dividends is subject to numerous controls imposed under PRC law, including foreign exchange
control on the conversion of the local currency into U.S. dollars and other currencies.

In
accordance with the relevant PRC regulations, appropriations of net income as reflected in its PRC statutory financial statements are
to be allocated to each of the general reserve and enterprise expansion reserve, respectively, as determined by the resolution of the
Board of Directors annually.

| F-73 |

| 25. |     | RELATED PARTY BALANCES AND TRANSACTIONS |

In
addition to the transactions detailed elsewhere in the consolidated financial statements, the Group had the following transactions and
balances with related companies:

| (a) |     | Commercial transactions with related companies |

| Schedule of commercial transactions with related companies                              |     |      |     | Year Ended December 31, |  2021 |     |     |  2022 |     |     | 2023 |     |     | 2023 |
|:----------------------------------------------------------------------------------------|:----|:-----