Shandong 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, inclusive of accrued interest and tax. This decision follows the satisfaction of redemption conditions on October 17, 2025, when the company's stock price met the trigger criteria. Bondholders are urged to convert their bonds into shares before the redemption, as market prices may differ significantly from the redemption price.

Key dates for investors include the cessation of trading on November 25, 2025, and the stop of conversions on November 28, 2025. The redemption registration date is November 27, 2025, with the actual redemption occurring on November 28, 2025. Funds are expected to reach the central clearing account by December 3, 2025, and bondholders' accounts by December 5, 2025. Post-redemption, "Hengbang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

The company's controlling shareholder, Jiangxi Copper Co., Ltd., reduced its holdings of "Hengbang Convertible Bonds" from 6,819,846 to 1,271,383 bonds over the six months preceding the redemption condition satisfaction date. All other related parties did not trade the convertible bonds during this period. Investors are advised to consult their brokerage firms for conversion procedures to avoid potential losses.