Shandong Humon convertible bonds near redemption as stock price rises

Shandong Humon Smelting announced that its "Hengbang Convertible Bonds" may soon meet their conditional redemption criteria. From September 9 to October 10, 2025, the company's stock closed at or above 130% of the current conversion price (11.19 yuan/share), reaching 14.55 yuan/share, for ten trading days. If the stock maintains this performance for fifteen out of thirty consecutive trading days during the conversion period, the company will consider redemption at par value plus accrued interest.

The company's convertible bonds, issued on June 12, 2023, for a total of 316,000,000 yuan, are convertible from December 18, 2023, to June 11, 2029. The conversion price was adjusted twice due to equity distributions: from 11.46 yuan/share to 11.33 yuan/share effective June 12, 2024, and subsequently to 11.19 yuan/share effective June 12, 2025.

As of September 30, 2025, the remaining principal of the "Hengbang Convertible Bonds" stands at 3,158,626,700.00 yuan, with 31,586,267 bonds outstanding. During the third quarter of 2025, 6,158 bonds were converted, resulting in an increase of 55,013 shares in the company's total share capital.