Humon Smelting to redeem convertible bonds early

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) following a board resolution on October 17, 2025. This action was triggered as the company's stock price met the conditional redemption clause. The stock traded above 130% of the current conversion price (11.19 yuan/share) for at least 15 out of 30 consecutive trading days from September 9 to October 17, 2025.

The last trading day for the convertible bonds will be November 25, 2025, with the redemption registration date set for November 27, 2025. Investors must convert their bonds by November 28, 2025, after which the bonds will cease to be transferable and will be mandatorily redeemed. Funds for the redemption are expected to reach investor accounts by December 5, 2025.

A significant transaction prior to the redemption condition being met saw Jiangxi Copper Co., Ltd., a controlling shareholder, sell 5,548,463 bonds between April 18 and October 17, 2025, reducing its holding to 1,271,383 bonds. The company warns that the redemption price may differ significantly from market prices before the halt in trading and conversion, urging investors to exercise caution.