Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 104

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 104
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 responsibilities as a
director.

Directors are not disqualified
from entering into contracts with the Company, and no such contract shall be void or require the interested director to account for any
profit under any such contract, provided that the fact of the director’s interest in the transaction is disclosed to the board.
A director who is interested in a contract with the Company may, nevertheless, attend meetings of the board at which the interested transaction
is discussed and/or approved, be counted towards a quorum at any such meeting and vote in respect of such transaction.

At least one-half of the total
number of directors (with a minimum of two) must be present for a duly constituted meeting. Resolutions of directors shall require the
affirmative vote of a simple majority of the directors present in person or by alternate at a duly convened and constituted meeting of
directors and entitled to vote on the resolution. Directors may pass resolutions of directors in writing in lieu of meeting provided that
such written resolution is consented to in writing by all of the directors. Subject to certain limitations set forth in the Articles,
directors may appoint committees and agents. Directors do not have the authority to appoint new auditors – such appointment must
be made by the shareholders.

Indemnification

The Company shall indemnify
every officer and director of the Company against any liability, action, proceeding, claim, demand, costs, damages or expenses incurred
as a result of any act or failure to act in carrying out their functions, except those incurred by reason of their own actual fraud or
willful default. No indemnified person shall be liable to the Company for any loss or damage except due to the actual fraud or willful
default of the indemnified person. Actual fraud or willful default may only be found to exist by a court of competent jurisdiction. The
Company must advance reasonable attorney’s fees and other expenses to an indemnified person provided that the indemnified person
executes an agreement to reimburse the Company if a court of competent jurisdiction determines that indemnification was not available
under the circumstances.

Dividends and
Distribution

The directors may authorize
the payment of dividends or other distributions to shareholders, if the directors are satisfied, on reasonable grounds that, immediately
after the dividend or other distribution (a) the value of the Company’s assets will exceed its liabilities and (b) the Company will
be able to pay its debts as they fall due. Distributions, including dividends, may be declared and paid in cash, or in