Shandong Humon to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. has announced the early redemption of its "Hengbang Convertible Bonds" at 100.28 yuan per bond, including accrued interest and tax. The company's stock price consistently exceeded 130% of the conversion price of 11.19 yuan per share, triggering redemption conditions on October 17, 2025.

The last day for trading the convertible bonds will be November 25, 2025, with the redemption registration date set for November 27, 2025. Following redemption, "Hengbang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. The company advises bondholders to convert their bonds into shares before the trading suspension date, as failure to do so will result in mandatory redemption at the announced price.

Redemption funds are expected to reach the China Securities Depository and Clearing Corporation Shenzhen branch by December 3, 2025, with investor accounts credited by December 5, 2025. Jiangxi Copper Co., Ltd., a major shareholder, sold 5,548,463 units of the convertible bonds within six months prior to the redemption condition being met, holding 1,271,383 units as of October 17, 2025.