Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 120

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 120
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 Compensation
 We pay our independent directors a monthly director’s fee equal to HK$10,000 (US$1,282). We do not otherwise pay fees to directors for their attendance at meetings of the Board of Directors or of committees; however, we may adopt a policy of making such payments in the future. We reimburse out-of-pocket expenses incurred by directors in attending Board and committee meetings. During the fiscal year ended December 31, 2024, no long-term incentive plans or pension plans were in effect with respect to any of the Company’s executive officers or directors.
Securities Authorized for Issuance Under Equity Compensation Plans
 The following table sets forth information relating to our outstanding stock option plans as of the date of this annual report:
 
                      Plan Category                           Number of securities to be issued upon exercise of outstanding options, warrants and rights     Weighted-average exercise price of outstanding options, warrants and rights     Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) 
                                                                                                          (a)                                                                                                                                                                                                                                                                             
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Equity compensation plans approved by security holders                                                       1,620,000                                                                                                              $3.115                                                                           N/A                                                                  
2014 Equity Compensation Plan                                                                                                                                                                                                                                                                                                                                                             
Equity compensation plans approved by security holders                                                       —                                                                                                                           —                                                                           1,973,153                                                            
2024 Equity Compensation Plan                                                                                                                                                                                                                                                                                                                                                             
Equity compensation plans not approved by security holders                                                   —                                                                                                                         N/A                                                                           —                                                                    
Total                                                                                                        1,620,000                                                                                                              $3.115                                                                           1,973,153                                                            
Stock Option Plan
 The 2024 Plan was authorized by our Board of Directors on June 20, 2024, and was ratified and approved by members on October 24, 2024.
 The purposes of the 2024 Plan are to:
 
•   Encourage ownership of our common shares by our officers, directors, employees and advisors;
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•   Provide additional incentive for them to promote our success and our business; and
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•   Encourage them to remain in our employ by providing them with the opportunity to benefit from any appreciation of our common shares.
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The 2024 Plan is administered by the Board of Directors or a committee designated by the Board (the “Plan Committee”). The 2024 Plan allows the Board or Plan Committee to grant various incentive equity awards not limited to stock options. The Company has reserved a number of common shares