Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 154

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 154
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 financial budgets and financial reports, formulating proposals for the increase or reduction of our authorized capital
as well as exercising other powers, functions and duties as conferred by our articles of association. Our directors may exercise all the
powers of our company to borrow money and to mortgage or charge its undertaking and property or any part thereof, to issue debentures,
debenture stock and other securities whenever money is borrowed or as security for any debt, liability or obligation of our company or
of any third party. A director is not required to hold any shares in our company to qualify to serve as a director.

If a
director becomes aware of the fact that he or she is interested in a transaction entered into or to be entered into by our company (other
than a transaction or proposed transaction between the director and our company which is or is to be entered into in the ordinary course
of our company’s business and on usual terms and conditions), he or she is required to disclose that interest to our board of directors.
For these purposes, a general disclosure to the board to the effect that a director is a member, director, officer or trustee of another
named company or other person and is to be regarded as interested in any transaction which may, after the date of the entry or disclosure,
be entered into with that company or person, is a sufficient disclosure of interest in relation to that transaction.

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A transaction
entered into by our company in respect of which a director is interested is voidable by our company unless the director’s interest
was disclosed to our board (if so required to be disclosed). However, a transaction entered into by our company in respect of which a
director is interested will not be voidable by the company if (a) the material facts of the interest of the director in the transaction
are known by the members entitled to vote at a meeting of members and the transaction is approved or ratified by a resolution of members;
or (b) the company received fair value for the transaction.

Subject
to Nasdaq rules, a director who is interested in a transaction entered into or to be entered into by our company may (a) vote on a matter
relating to the transaction; (b) attend a meeting of our directors at which a matter relating to the transaction arises and be included
among the directors present at the meeting for the purposes of a quorum; and (c) sign a document on behalf of the company, or do any other
thing in his or her capacity as a director