Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 158

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 158
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) long-term incentive   
 opportunity level, (d) employment agreements, severance arrangements, and change in control agreement/provisions, in each case as, when 
 and if appropriate, and (e) any special or supplemental benefits;                                                                       |

| • |     | Administering and supervising our incentive compensation plans, including equity compensation 
 plans;                                                                                        |

| • |     | Recommending to the Board for its adoption and approval, awards to be made under our incentive 
 compensation plans, including equity compensation plans; and                                   |

| • |     | Generally supporting the Board of Directors in carrying out its overall responsibilities 
 relating to executive compensation.                                                      |

The Compensation Committee is
required to meet at least once annually and more frequently if the committee deems it to be appropriate. The committee may delegate authority
to one or more members of the committee; provided that any decisions made pursuant to such delegated authority are promptly communicated
to all other committee members.

Employment Agreements and Related Matters

On April 2, 2015, we entered
into service agreements with Tam Cheuk Ho (a director) and Wong Wah On Edward (our Chairman, Chief Executive Officer and President).
We entered into service agreements with identical terms with Zhu Youyi (our Chief Financial Officer and Corporate Secretary) on July
14, 2020, respectively. Each of the agreements is for an initial term of one year and, thereafter, continues unless and until terminated
by either party on not less than one month’s notice. Each of the agreements also provides for the payment to the individual of
an annual fee of US$1.00, plus such equity awards as may from time to time be determined by our Compensation Committee.

On March 7, 2019, we
entered into an employment agreement with Mr. Yu Jun for his services as general manager of Bayannaoer Mining for a term of one year
expiring on March 6, 2020. The agreement was renewed on March 7, 2020, March 7, 2021, March 7, 2022, March 7, 2023, and March 7, 2024,
respectively, with the same initial terms. For his services, Mr. Yu receives a basic salary at the rate of CNY5,000 (US$688) per month,
and is eligible for a bonus. Mr. Yu also enjoys certain perquisites and is eligible for bonuses. These amounts are included in the table
above.