Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 211

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 211
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    | the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group;                                         |
| (vi)   | the entity is controlled or jointly controlled by a person identified in (1);                                                                                            |
| (vii)  | a person identified in (1)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and |
| (viii) | the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group.                       |

| (d) | Property, plant and equipment and depreciation |

Property, plant and equipment comprise
buildings, machinery and equipment, motor vehicles and office and other equipment. The cost of an item of property, plant and equipment
comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended
use.

Buildings, machinery and equipment,
motor vehicles and office and other equipment are stated at cost less accumulated depreciation and any impairment losses. Expenditures
for routine repairs and maintenance are expensed as incurred.

Depreciation for the following items
is calculated on the straight-line basis over each asset’s estimated useful life down to the estimated residual value of each asset.

Estimated useful lives are as follows:

| Schedule of estimated useful lives of property, plant and equipment |     |            |
| Buildings                                                           |     | 8–35 years |
| Machinery and equipment                                             |     | 3–15 years |
| Motor vehicles                                                      |     | 4–8 years  |
| Office and other equipment                                          |     | 4–8 years  |

Residual values, useful lives and the depreciation
method are reviewed and adjusted, if appropriate, at each reporting date.

| F-17 |

| 2.5 |     | MATERIAL ACCOUNTING  
 POLICIES (CONTINUED) |

| (d) | Property, plant and equipment and depreciation (continued) |

Expenditure incurred
after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to the
statement of profit or loss in the period in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure
for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant