Hengbang convertible bonds face early redemption by Shandong Humon

Shandong Humon Smelting Co., Ltd. has announced the early redemption of its "Hengbang Convertible Bonds" at a price of 100.28 yuan per bond (including accrued interest and tax), effective November 28, 2025. The company’s stock price triggered the conditional redemption clause, maintaining above 130% of the current conversion price (11.19 yuan per share) for at least 15 trading days within 30 consecutive trading days from September 9 to October 17, 2025.

The last day to trade the convertible bonds will be November 25, 2025, and the last day for conversion will be November 27, 2025. Bonds remaining unconverted by the close of business on November 27, 2025, will be subject to mandatory redemption. Following the redemption, "Hengbang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

Funds for the redemption are expected to reach the issuer's account by December 3, 2025, and bondholders' accounts by December 5, 2025. Investors are advised to convert their bonds promptly to avoid potential losses. Jiangxi Copper Co., Ltd., a controlling shareholder, held 6,819,846 bonds and sold 5,548,463 bonds between April 18, 2025, and October 17, 2025, with 1,271,383 bonds remaining.