Humon Smelting to redeem convertible bonds early after stock price trigger

Shandong Humon Smelting announced its decision to early redeem all outstanding "Humon Convertible Bonds" (SZSE:127086) following board approval on October 17, 2025. This action comes as the company's stock price met the conditional redemption terms, trading at or above 130% of the current conversion price of CNY 11.19 per share (i.e., CNY 14.55 per share) for at least 15 trading days within a 30-day period between September 9 and October 17, 2025.

The redemption price is set at CNY 100.28 per bond, which includes accrued interest at a 0.6% annual rate. The "Humon Convertible Bonds" will cease trading on November 25, 2025, with the redemption registration date on November 27, 2025, and cessation of conversion on November 28, 2025.

Investors are advised to convert their bonds before the cessation of conversion on November 28, 2025, to avoid potential losses from the redemption at face value plus accrued interest. Unconverted bonds will be mandatorily redeemed, and the "Humon Convertible Bonds" will be delisted from the Shenzhen Stock Exchange following the redemption.