Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 76

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 76
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 certain actions without shareholder approval, including the amendment of our Amended and Restated Memorandum of Association
(the “Memorandum”) and our Articles of Association (the “Articles”) (save and except that such amendments may
not restrict the rights or power of our shareholders to amend the Memorandum or the Articles, and may not change the percentage of shareholders
required to pass a resolution to amend the Memorandum or the Articles, and further that our directors may not amend the Memorandum or
the Articles in circumstances where they may not be amended by our shareholders), and also including an increase or reduction in the
maximum number of shares which our company is authorized to issue, which would require shareholder approval under the laws of most jurisdictions
in the United States. In addition, the directors of a BVI company, subject in certain cases to court approval but without shareholder
approval, may, among other things, implement a reorganization, certain mergers or consolidations with a subsidiary, the sale, transfer,
exchange or disposition of any assets, property, part of the business, or securities of the company, or any combination of the foregoing,
if they determine it is in the best interests of the company. Our ability to amend our Memorandum and Articles without shareholder approval
could allow our directors to implement provisions to those documents that 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, as could the ability of our directors to issue blank check preferred shares.

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The elimination of monetary liability against our directors and officers under our Articles and the indemnification of our directors and officers may result in substantial expenditures by us and may discourage lawsuits against our directors and officers.

Our Articles contain
provisions that indemnify our directors and officers against any liability, action, proceeding, claim, demand, costs, damages or expenses,
including legal expenses, whatsoever which they may incur as a result of any act or failure to act in carrying out their functions, other
than such liability that they may incur by reason of their own actual fraud or willful default. No such indemnified person shall be liable
to our company for any loss or damage incurred by our company as a result of carrying out their functions unless that liability arises
through the actual fraud or willful default of such indemnified person. We may provide contractual indemnification obligations under agreements
with our directors, officers and employees. These indemn