Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 160

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 160
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Share Incentive Plans

The 2024 Plan was authorized
by our Board of Directors on September 26, 2024, and was ratified and approved by members on October 24, 2024.

The purposes of the 2024 Plan are to:

| o | Encourage ownership of our common shares by our officers, directors, employees 
 and advisors;                                                                  |

| o | Provide additional incentive for them to promote our success and our business; 
 and                                                                            |

| o | Encourage them to remain in our employ by providing them with the opportunity 
 to benefit from any appreciation of our common shares.                        |

The 2024 Plan is administered
by the Board of Directors or a committee designated by the Board (the “Plan Committee”). The 2024 Plan allows the Board or
Plan Committee to grant various incentive equity awards not limited to stock options. The Company has reserved a number of common shares
equal to 20% of the issued and outstanding common shares of the Company, from time to time, for issuance pursuant to options granted
(“Plan Options”) or for restricted stock awarded (“Stock Grants”) under the 2024 Plan. Stock appreciation rights
may be granted as a means of allowing participants to pay the exercise price of Plan Options. Stock Grants may be made upon such terms
and conditions as the Board or Plan Committee determines. Stock Grants may include deferred stock awards under which receipt of Stock
Grants is deferred, with vesting to occur upon such terms and conditions as the Board or Plan Committee determines.

The Board or Plan Committee may
determine, from time to time, those of our officers, directors, employees and consultants to whom Stock Grants and Plan Options will be
granted, the terms and provisions of the respective Stock Grants and Plan Options, the dates such Plan Options will become exercisable,
the number of shares subject to each Plan Option, the purchase price of such shares and the form of payment of such purchase price. Plan
Options and Stock Grants will be awarded based upon the fair market value of our common shares at