Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 107

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 107
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 merger or consolidation contains any provision
which, if proposed as an amendment to our Memorandum and Articles of Association, would entitle the class to vote on the proposed amendment
as a class. As currently drafted, our Memorandum and Articles of Association do not contain provisions which grant such rights to any
class of our shareholders. In any event, all shareholders must be given a copy of the plan of merger or consolidation irrespective
of whether they are entitled to vote at the meeting or consent to the written resolution to approve the plan of merger or consolidation.

Key Differences in Corporate Laws

The applicable provisions of BVI corporate law differ from corporate laws generally applicable in the United States in certain material respects. Set forth below is a summary of certain differences between the provisions of BVI law applicable to us and corporate laws generally in effect in the United States. Moreover, corporate laws among the various states in the United States may be different from each other and, therefore, BVI law may be similar to certain state corporate laws but different from others. This summary is not intended to be a complete discussion of these differences and is qualified in its entirety by reference to the actual laws in effect under U.S. and BVI laws.

: Under the laws of most jurisdictions in the United States, majority and controlling shareholders generally have certain
fiduciary responsibilities to the minority shareholders. Shareholder action must be taken in good faith and actions by controlling shareholders
which are obviously unreasonable may be declared null and void. BVI law protecting the interests of minority shareholders may not be as
protective in all circumstances as the law protecting minority shareholders under most jurisdictions in the United States.

The BVI Business Companies
Act (as amended) set out the fiduciary duties of directors by stating that "a director of a company, in exercising his or her powers
and performing his or her duties, shall act honestly and in good faith and in what the director believes to be in the best interests of
the company." This statutory provision essentially imports the appropriate principles of English common law (prior to the enactment
of the Companies Act 2006 of the United Kingdom), which have been substantially confirmed by decisions of the courts of the BVI.

In practical terms, these fiduciary
duties translate into the following:

| (a) | Bona Fides: The directors must act bona fide in what they consider is in the best interests of the company.                                                    |
| (b) | Proper Purpose: The directors must exercise the powers that are vested in