Shandong Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. will early redeem "Hengbang Convertible Bonds" at a price of CNY 100.28 per bond, including accrued interest and tax, for all outstanding bonds not converted by the redemption registration date. The redemption conditions were met on October 17, 2025, after the company's stock price consistently exceeded 130% of the current conversion price.

Key dates for bondholders include the cessation of trading on November 25, 2025, the redemption registration date on November 27, 2025, and the cessation of conversion on November 28, 2025. Bondholders are urged to convert their bonds into shares before the conversion deadline to avoid mandatory redemption and potential losses, as the redemption price may differ significantly from the market price. The company’s controlling shareholder, Jiangxi Copper Co., Ltd., sold 5,548,463 of its 6,819,846 convertible bonds in the six months prior to the redemption condition being met.