Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 109

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 109
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 to us as a company. However, under the BVI Business Companies
Act, a member may bring a derivative action in the name of the company in certain circumstances. The BVI Court may, on the application
of a member of a company, grant leave to that member to (a) bring proceedings in the name and on behalf of that company, or (b) intervene
in proceedings to which the company is a party for the purpose of continuing, defending or discontinuing the proceedings on behalf of
the company. In determining whether to grant leave, the BVI Court must take the following matters into account:

| (a) | whether the member is acting in good faith;                                                                                                    |
| (b) | whether the derivative action is in the interests of the company taking account of the views of the company's directors on commercial matters; |
| (c) | whether the proceedings are likely to succeed;                                                                                                 |
| (d) | the costs of the proceedings in relation to the relief likely to be obtained; and                                                              |
| (e) | whether an alternative remedy to the derivative claim is available.                                                                            |

While BVI law does permit
a shareholder of a BVI company to bring a derivative action in the name of the company, that is, in the name of, and for the benefit of,
our Company and to sue a company and its directors for his benefit and for the benefit of others similarly situated, the circumstances
in which any such action may be brought, and the procedures and defenses that may be available in respect of any such action, may result
in the rights of shareholders of a BVI company being more limited than those of shareholders of a company organized in the United States.

| 41 |

:
Our directors have the power to take certain actions without shareholder approval, including the powers to amend our Memorandum of Association
or Articles of Association (except that our directors cannot make any such amendment (a) to restrict the rights or powers of our members
to amend the Memorandum or the Articles, (b) to change the percentage of our members required to pass a resolution to amend our Memorandum
or the Articles, or (c) in circumstances where the Memorandum or the Articles cannot be amended by our members), and to increase or decrease
the maximum number of shares that we are authorized to issue, which would require shareholder approval under the laws of most jurisdictions
in the United States. In addition, the directors of a BVI company, subject in certain cases to court approval