Shandong Humon Smelting to forcibly redeem Hengbang convertible bonds

Shandong Humon Smelting announced the thirteenth cautionary notice for the early redemption of its "Hengbang Convertible Bonds." The company decided to exercise its early redemption right after its stock price consistently met the trigger condition, with at least fifteen trading days having closing prices not lower than 130% of the current conversion price of CNY 11.19 per share, from September 9, 2025, to October 17, 2025.

The redemption price for the bonds is set at CNY 100.28 per bond, which includes accrued interest at a current annual interest rate of 0.6%. Investors are reminded to convert their bonds before the trading halt on November 25, 2025, to avoid potential losses from the forced redemption.

The redemption registration date is November 27, 2025, and the stop-conversion date is November 28, 2025. Following the redemption on November 28, 2025, the "Hengbang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange. Funds for the redemption are expected to reach CSDC's account on December 3, 2025, with investor accounts credited by December 5, 2025.