Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 159

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 159
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On July 14, 2020, we
entered into a service agreement with Mr. Zhu Youyi (our Chief Financial Officer and Corporate Secretary). The agreement is for an initial
term of one year and, thereafter, continues unless and until terminated by either party on not less than one month’s notice. The
agreement also provides for the payment of an annual fee of US$1.00, plus such equity awards as may from time to time be determined by
our Compensation Committee.

There are no current contracts,
agreements or understandings to increase the annual cash compensation payable to any of our executive directors for their services as
such. For each of the three years ended December 31, 2022, 2023 and 2024, no increases in cash compensation were authorized by the Compensation
Committee under the service agreements, and we paid or accrued nil, nil and nil, respectively, for cash compensation to our executive
officers for their services as such.

We have no other
service agreements or similar contracts with any of our officers or directors and maintain no retirement, fringe benefit or similar
plans for the benefit of our officers or directors. We may, however, enter into employment contracts with our officers and key
employees, adopt various benefit plans and begin paying compensation to our officers and directors as we deem appropriate to attract
and retain the services of such persons. The Company and its subsidiaries have not set aside or accrued any amounts to provide
pension, retirement or similar benefits to the Company’s directors.

Non-Employee Director Compensation

We pay our independent
directors a monthly director’s fee equal to HK$10,000. We do not otherwise pay fees to directors for their attendance at meetings
of the Board of Directors or of committees; however, we may adopt a policy of making such payments in the future. We reimburse out-of-pocket
expenses incurred by directors in attending Board and committee meetings. As of the date of this prospectus, no long-term incentive plans
or pension plans were in effect with respect to any of the Company’s executive officers or directors.

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Compensation

The following table sets forth
the amount of compensation that was paid, earned and/or accrued, and awards made under the Company’s equity compensation plan,
during fiscal year 2024, to our directors and executive officers.

| Name                   |     | Salary and Bonus (US$) |        |     | All Other Compensation |   |
| Directors and Officers |