Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 110

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 110
---
 but without shareholder
approval, may, among other things, implement a reorganization (other than statutory mergers or consolidations which require shareholder
authorization), the sale, transfer, exchange or disposition of any assets, property, part of the business, or securities of the company,
or any combination, if they determine it is in the best interests of the company. In most jurisdictions in the United States, shareholder
approval is required in order to amend most provisions of the certificate or articles of incorporation. Our ability to amend our Memorandum
of Association and Articles of Association without shareholder approval could have the effect of delaying, deterring or preventing a change
in our control without any further action by the shareholders, including a tender offer to purchase our common shares at a premium over
then current market prices. However, our directors must exercise the powers that are vested in them for the purpose for which they were
conferred and not for a collateral purpose.

:
In most jurisdictions in the United States, directors owe a fiduciary duty to the corporation and its shareholders, including a duty of
care, under which directors must properly apprise themselves of all reasonably available information, and a duty of loyalty, under which
they must protect the interests of the corporation and refrain from conduct that injures the corporation or its shareholders or that deprives
the corporation or its shareholders of any profit or advantage. Many US jurisdictions have enacted various statutory provisions which
permit the monetary liability of directors to be eliminated or limited.

Under BVI law, liability of
a director to the BVI company is primarily limited to cases where the director has acted in breach of his fiduciary duties (such as not
acting honestly and in good faith and with a view to the best interests of the company) or his duties of care, skill and diligence. Under
our Memorandum of Association and Articles of Association, we shall indemnity all or our directors and officers, together with every former
director and former officer, against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses,
whatsoever which they or any of them may incur as a result of any act or failure to act in carrying out their functions other than such
liability (if any) that they may incur by reason of their own actual fraud or willful default. No director or officer shall be liable
to our company for any loss or damage incurred by us as a result (whether direct or indirect) of the carrying out of their functions unless
that