{"url_path":"/sec/chnr/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 **","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/793628/0001553350-26-000083-index.html","accession_number":"0001553350-26-000083","cik":"0000793628","ticker":"CHNR","issuer_name":"CHINA NATURAL RESOURCES INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/793628/0001553350-26-000083-index.html","primary_entity_key":"0000793628","primary_entity_name":"CHINA NATURAL RESOURCES INC"},"word_count":302,"has_tables":true,"body_markdown":"**ITEM 11.**\n**QUANTITATIVE AND QUALITATIVE\nDISCLOSURES ABOUT MARKET RISK**\n\n \n\n**Equity Price Risk**\n\n \n\nWe were not exposed to equity\nprice risk as of December 31, 2025, following the disposal of FARL’s equity securities in July 2021.\n\n** **\n\n**Foreign Currency Exchange Rate Risk**\n\n \n\nRevenue and expenses of our\nPRC subsidiaries are denominated in Renminbi. The administrative expenses of the Company’s head office in Hong Kong are denominated\neither in United States dollars or Hong Kong dollars. As the reporting currency of the Company’s consolidated financial statements\nis Renminbi, the Company has market risk with respect to currency fluctuation between Hong Kong dollars and United States dollars to Renminbi\nand translation difference may arise on consolidation. The Company may also suffer an exchange loss when it converts Renminbi to other\ncurrencies, such as Hong Kong dollars or United States dollars. If market conditions allow, the Company endeavors to match the currency\nused in operating/investing activities with that used in financing activities. We have not engaged any foreign currency contracts to hedge\nour potential foreign currency exchange exposure, if any.\n\n \n\n**Interest Rate Risk**\n\n \n\nNone of our outstanding debt\nbears interest at a floating rate. Our exposure to interest rate risk primarily relates to the interest income generated by excess cash,\nwhich is mostly held in interest-bearing bank accounts. We have not used derivative financial instruments in our investment portfolio.\nInterest earning instruments carry a degree of interest rate risk. We have not been exposed to, nor do we anticipate being exposed to,\nmaterial risks due to changes in market interest rates. However, our future interest income may fall short of expectations due to changes\nin market interest rates.\n\n \n\n**Commodity Price Risk**\n\n \n\nWe were not exposed to commodity\nprice risk as of December 31, 2025, as we did not have any copper ore in inventory on that date."}