Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 103

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 103
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 of directors shall consist of not less than three nor more than 25 directors; and directors, solely for purposes of determining
the term for which they will serve, are classified as Class I, Class II and Class III directors, with approximately one-third
of the total number of directors being allocated to each Class. Each director is to hold office for a three-year term expiring at the
annual meeting of shareholders held in the third year after his or her appointment. Directors may be removed by the shareholders by a
resolution of shareholders, with or without cause, and by the directors by a resolution of directors, only with cause.

The business of the Company
shall be managed by the directors, who may exercise all such powers of the Company as are necessary for managing and for directing and
supervising, the business and affairs of the Company as are not required to be exercised by the members.

With the prior or subsequent
approval by a resolution of shareholders, the directors may, by a resolution of directors, fix the emoluments of directors with respect
to services to be rendered in any capacity to the Company. At the annual meeting of shareholders held in 2008, the shareholders adopted
resolutions providing that (a) all emoluments to directors previously fixed by the board of directors are approved and ratified and (b)
the board of directors is empowered and authorized to fix all future emoluments to directors, for their services in all capacities to
the Company, without further approval or ratification by shareholders.

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The directors may, by a resolution
of directors, exercise all the powers of the Company to borrow moneyand 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 the Company or any third party. There is no age limit requirement for retirement
or non-retirement of directors. A director shall not require a share qualification. Directors may be natural persons who have attained
the age of 18 years and are not undischarged bankrupts; or companies, in which event the company may designate a person as its representative
as director.

A director may, from time
to time, appoint (and revoke the appointment of) another director or another person who is not a director, but who is not disqualified
from serving as a director, to be his or her alternate to exercise his or her powers and to carry out his or her