Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 101

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 101
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, purchase and acquisition by the
Company for fair value. Common shares shall be entitled to receive such dividends and distributions as may be declared by the directors.
Subject to the rights of holders of each class of shares, the directors may declare and pay dividends on any class of shares to the exclusion
of others. All our common shares shall be entitled to share in the surplus assets of the Company available for distribution upon liquidation.
Preferred shares shall carry such designations, powers, preferences and rights, qualifications, limitations and restrictions as may be
determined by the directors at the time of issuance.

In December 2004, the board
of directors designated and issued, and thereafter, exchanged (for 320,000 common shares) and retired, 320,000 of the Company’s
Series B preferred shares. No other preferred shares have been designated or issued by the Company and, on September 19, 2019, the board
of directors adopted a resolution cancelling the designation of the Series B preferred shares, and restoring such shares to the status
of authorized but unissued preferred shares.

Amendments to
Memorandum and Articles

Subject to the laws of the
BVI and certain limited exceptions contained in the Memorandum, the Memorandum and Articles may each be amended by a resolution of our
members or by a resolution of our directors.

Articles

Issuance of
Shares

The unissued shares of the
Company may be issued at the discretion of the directors, who may determine whether to issue shares, grant options over or otherwise dispose
of them, at such times and for such consideration (which may not be less than par value (if any) of the shares) as the directors determine.
Consideration may take any form acceptable to the directors, including money, a promissory note, or other written obligation to contribute
money or property, real property, personal property (including goodwill and know-how), services rendered or a contract for future services;
provided that in the case of consideration other than money, the directors must pass a resolution stating (a) the amount to be credited
for issuance of the shares, (b) their determination of the reasonable present cash value of the non-monetary consideration and (c) that,
in their opinion, the present cash value of the non-monetary consideration is not less the amount to be credited for the share issuance.

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Redemption of
Shares

Shares may be issued on the
terms that they are redeemable or, at the option