Humon Smelting announces early redemption of convertible bonds

Shandong Humon Smelting Co., Ltd. has announced the early redemption of its outstanding "Hengbang convertible bonds" (bond code: 127086), following the fulfillment of redemption conditions on October 17, 2025. The company will redeem all unconverted bonds at a price of CNY 100.28 per bond (including accrued interest) on the redemption date, November 28, 2025. The bonds will cease trading on November 25, 2025, and stop converting to shares on November 28, 2025.

The decision was triggered after Humon Smelting's stock price consistently met the condition of being at least 130% of the current conversion price (CNY 11.19/share) for at least fifteen trading days within a consecutive thirty-day trading period, specifically from September 9, 2025, to October 17, 2025. Upon completion of the redemption, the "Hengbang convertible bonds" will be delisted from the Shenzhen Stock Exchange.

Holders of the "Hengbang convertible bonds" are strongly advised to convert their bonds into shares before the November 28, 2025, deadline, as the redemption price may significantly differ from the market price. Investors who fail to convert in time may face financial losses. Funds for the redemption are expected to reach the company's central clearing account by December 3, 2025, with bondholders receiving their payments by December 5, 2025.