Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 155

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 155
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, that relates to the transaction. .

As
provided by our Memorandum and Articles, 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. At the annual meeting of shareholders in 2024, Messrs. Lam Kwan Sing and Yip Wing
Hang were elected to serve as Class II directors until the annual meeting to be held in 2027. Mr. Ng Kin Sing serves as Class I directors
until the annual meeting to be held in 2026. Messrs. Wong Wah On Edward and Tam Cheuk Ho serve as Class III directors until the annual
meeting to be held in 2025.

Messrs.
Lam Kwan Sing, Yip Wing Hang and Ng Kin Sing are each an “independent director” as such term is used in applicable rules
and regulations of the SEC and in Nasdaq Marketplace Rule 5605(a)(2). We are not required to maintain a Board of Directors
consisting of a majority of independent directors based upon an exemption from Nasdaq requirements applicable to foreign private
issuers whose home jurisdiction does not require the board of directors to consist of a majority of independent directors.

Our officers
are elected annually at the meeting of the Board of Directors following each annual meeting of shareholders, and hold office until their
respective successors are duly elected and qualified, subject to their earlier death, resignation or removal, and the terms of applicable
employment agreements.

Committees of the Board of Directors

We have
several committees under the board of directors, including an audit committee, a compensation committee, and a nominating and corporate
governance committee. We have adopted a charter for each of our committees. The audit committee, compensation committee, and nominating
and corporate governance committee’s members and functions are described below.

| 92 |

Audit Committee.

Our Board
of Directors has established an Audit Committee that operates pursuant to a written charter. Our Audit Committee, whose members currently
consist of Yip Wing Hang (Chairman), Lam Kwan Sing and Ng Kin Sing, is principally responsible for ensuring the accuracy and effectiveness
of the annual audit of the financial statements. The duties of the Audit Committee include, but are not limited to:

| • |     | appointing and supervising our independent registered public accounting firm; |

| • |     | assessing the organization and scope of the Company’s interim audit function; |

| • |     | reviewing the scope