Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 175

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 175
---
secured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group. |

| (5) | The                                                                                                                                 
 dividend payable to Qianhai Industrial represents the declared dividend which was approved at the shareholder meeting of Shenzhen   
 Qianhai on June 22, 2021, prior to the acquisition of Shenzhen Qianhai by the Group. It was paid by Shenzhen Qianhai as of December 
 31, 2022.                                                                                                                           |

| 103 |

<div align='center'>DESCRIPTION OF SHARE CAPITAL</div>

General

We are currently
authorized to issue up to 210,000,000 shares consisting of (a) 200,000,000 Common Shares, without par value, and (b) 10,000,000 preferred
shares, without par value. As of the date of this prospectus, there were 9,865,767 Common Shares issued and outstanding, and no preferred
shares issued or outstanding.

Common Shares

Subject to the dividend
rights of preferred security holders, holders of Common Shares participate in dividends on a proportionate basis, as may be declared by
the board of directors. Upon liquidation, dissolution or winding up of the Company, after payment to creditors and holders of our outstanding
preferred shares, if any, our remaining assets, if any, will be divided proportionately on a per share basis among the holders of our
Common Shares.

Each Common Share has
one vote. Holders of our shares do not have cumulative voting rights. This means that the holders of a majority of the votes which are
cast at any shareholders meeting can pass a resolution of members, including a resolution to appoint directors. In that event, the holders
of the remaining shares will not be able to appoint any directors. Our Amended and Restated Memorandum and Articles of Association (our
“Articles”) provide that, except in limited circumstances, shareholders (also referred to as “members”) entitled
to exercise at least 50% of the voting rights of the shares of each class or series of shares entitled to vote as a class or series thereon,
and the same proportion of the votes of the remaining shares entitled to vote thereon, constitutes a quorum to transact business at a
meeting of members. Our Common Shares have no preemptive, subscription or conversion rights.

Shares may be issued
on the terms that they are redeemable or, at