Company: CHNR
Filing Date: 2025-05-15
Form Type: 424B5
Source: 0001079973-25-000830
Chunk: 79

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 424B5
Chunk 79
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 of income tax treaties or agreements entered into between China and other countries or areas. Any such tax may reduce
the returns on your investment in our shares.

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Any failure to comply with PRC regulations
regarding the registration requirements for employee stock incentive plans may subject the PRC plan participants or us to fines and other
legal or administrative sanctions.

In February 2012, SAFE promulgated
the Notices on Issues Concerning the Foreign Exchange Administration for Domestic Individuals Participating in Stock Incentive Plans of
Overseas Publicly-Listed Companies, replacing earlier rules promulgated in March 2007. Pursuant to these rules, PRC citizens and non-PRC
citizens who reside in China for a continuous period of not less than one year who participate in any stock incentive plan of an overseas
publicly listed company, subject to a few exceptions, are required to register with SAFE through a domestic qualified agent, which could
be the PRC subsidiary of such overseas-listed company, and complete certain other procedures related to account establishment, funds transfer
and remittance. In addition, an overseas-entrusted institution must be retained to handle matters in connection with the exercise or sale
of stock options and the purchase or sale of corresponding shares and interests. We and our executive officers and other employees who
have been PRC citizens or who have resided in the PRC for a continuous period of not less than one year and who are granted options or
other awards under our equity incentive plan will be subject to these regulations. Failure to complete the SAFE registrations may subject
them to fines and legal sanctions and may also limit our ability to contribute additional capital into our PRC subsidiary and limit our
PRC subsidiaries’ ability to distribute dividends to us. As at the date of this prospectus, we have already completed the SAFE registration
and obtained the relevant approval of foreign exchange for our executive officers, consultants and other employees who have been granted
options and are subject to the above regulations. We also face regulatory uncertainties that could restrict our ability to adopt additional
incentive plans for our directors, executive officers and employees under PRC law.

On July 14, 2022, the board
of directors of the Company granted option covering an aggregate of 8,100,000 common shares of the Company to fifteen
consultants and employees of the Company under the China Natural Resources, Inc. 2014 Equity Incentive Plan. SAT has issued circulars
concerning