Shandong Humon announces early redemption of "Hengbang" convertible bonds

Shandong Humon Smelting Co., Ltd. has initiated the early redemption of its "Hengbang convertible bonds" at a price of CNY 100.28 per bond, inclusive of accrued interest. This decision follows the company's stock price consistently trading above 130% of the current conversion price of CNY 11.19 per share for at least fifteen trading days within a consecutive thirty-day period from September 9 to October 17, 2025.

The last day for trading the convertible bonds is November 25, 2025, with the redemption registration date set for November 27, 2025. Bondholders must convert their bonds by November 28, 2025, as any unconverted bonds will be compulsorily redeemed. Funds are expected to reach the company's account by December 3, 2025, and bondholders' accounts by December 5, 2025.

Investors are advised to convert their bonds promptly to avoid potential losses, as the redemption price may differ significantly from market prices before the trading and conversion halt. Jiangxi Copper Co., Ltd., a controlling shareholder, reduced its holdings of "Hengbang convertible bonds" by 5,548,463 units in the six months prior to the redemption condition being met.