Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. announced the early redemption of its "Hengbang convertible bonds" (127086) at a price of 100.28 yuan per bond, including accrued interest. This decision follows the triggering of a conditional redemption clause, as the company's stock price met the required threshold for 15 out of 30 consecutive trading days between September 9 and October 17, 2025.

The last day for trading the convertible bonds will be November 25, 2025, and the last day for conversion into shares will be November 28, 2025. The redemption registration date is November 27, 2025, with the actual redemption occurring on November 28, 2025. Bondholders' funds are expected to arrive in their accounts by December 5, 2025. Following the redemption, the "Hengbang convertible bonds" will be delisted from the Shenzhen Stock Exchange.

Investors are advised to convert their bonds into shares before the November 28 deadline, as the redemption price may differ significantly from market prices prior to the cessation of trading and conversion. Any outstanding pledged or frozen bonds should be released before the trading halt to avoid redemption without conversion.