Shandong Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. has initiated the early redemption of its "Hengbang Convertible Bonds," with the redemption price set at CNY 100.28 per bond, including accrued interest. The decision follows the fulfillment of redemption conditions, as the company’s stock price met the 130% threshold of the current conversion price for at least 15 trading days within a 30-day period between September 9, 2025, and October 17, 2025.

Key dates for bondholders are fast approaching: trading of the convertible bonds will halt on November 25, 2025, with the redemption registration date on November 27, 2025. The conversion period will cease on November 28, 2025, which is also the redemption date. Funds will be deposited to the company's account by December 3, 2025, and distributed to bondholders' accounts by December 5, 2025.

Bondholders are strongly advised to convert their bonds into shares before the November 28 deadline, as any remaining unconverted bonds will be forcibly redeemed at the stated price. The company warns of potential losses if bondholders fail to convert in time, as the redemption price may significantly differ from market prices before the trading and conversion stops.