Shandong Humon initiates early redemption of Hengbang convertible bonds

Shandong Humon Smelting Co., Ltd. has initiated the early redemption of its "Hengbang convertible bonds" after satisfying conditional redemption clauses. The redemption price is set at CNY 100.28 per bond, inclusive of accrued interest and tax. Investors are urged to convert their bonds into shares before the redemption date to avoid potential losses, as the market price may differ significantly from the redemption price.

The redemption process specifies a stop-trading date of November 25, 2025, a redemption registration date of November 27, 2025, and a stop-conversion date of November 28, 2025. Funds for the redemption are expected to reach the issuer's account by December 3, 2025, and bondholders' accounts by December 5, 2025. After the redemption, the "Hengbang convertible bonds" will be delisted from the Shenzhen Stock Exchange.

The decision was made after the company's stock price consistently exceeded 130% of the current conversion price for at least 15 trading days within a 30-day period between September 9, 2025, and October 17, 2025. Holders of the bonds, including controlling shareholder Jiangxi Copper Co., Ltd., which held 1,271,383 bonds, are advised to act promptly.