Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 291

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 291
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 actual fraud or willful default under this Article unless or until a court of competent jurisdiction
shall have made a finding to that effect.

The Company
shall advance to each Indemnified Person reasonable attorneys' fees and other costs and expenses incurred in connection with the defense
of any action, suit, proceeding or investigation involving such Indemnified Person for which indemnity will or could be sought. In connection
with any advance of any expenses hereunder, the Indemnified Person shall execute an undertaking to repay the advanced amount to the Company
if it shall be determined by final judgment or other final adjudication that such Indemnified Person was not entitled to indemnification
pursuant to this Article. If it shall be determined by a final judgment or other final adjudication that such Indemnified Person was not
entitled to indemnification with respect to such judgment, costs or expenses, then such party shall not be indemnified with respect to
such judgment, costs or expenses and any advancement shall be returned to the Company (without interest) by the Indemnified Person.

The directors,
on behalf of the Company, may purchase and maintain insurance for the benefit of any director or other officer of the Company against
any liability which, by virtue of any rule of law, would otherwise attach to such person in respect of any negligence, default, breach
of duty or breach of trust of which such person may be guilty in relation to the Company.”

Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons (within the meaning of
the Exchange Act) pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC, such indemnification
is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

| II-1 |

ITEM 7. RECENT SALES OF UNREGISTERED SECURITIES.

During the past three years,
we have issued the following securities which were not registered under the Securities Act. We believe that each of the following issuance
was exempt from registration under the Securities Act in reliance on Regulation D under the Securities Act or pursuant to Section 4(2)
of the Securities Act regarding transactions not involving a public offering or in reliance on Regulation S under the Securities Act regarding
sales by an issuer in offshore transactions. No underwriters were involved in these issuances of securities.

| Securities                                            |     | Date of Issuance |