Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. announced the early redemption of its "Hengbang convertible bonds" at 100.28 yuan per bond, including accrued interest. This decision follows the satisfaction of redemption conditions on October 17, 2025, when the company's stock price consistently exceeded 130% of the current conversion price for at least 15 trading days within a 30-day period.

Trading for the convertible bonds will cease on November 25, 2025. The redemption registration date is November 27, 2025, with conversion into shares ceasing on November 28, 2025, which is also the redemption date. Funds for the redemption are expected to reach the issuer's account by December 3, 2025, and bondholders' accounts by December 5, 2025.

Bondholders are advised to convert their "Hengbang convertible bonds" into shares before the redemption deadline to avoid potential losses. The redemption price may differ significantly from market prices prior to the cessation of trading and conversion. Unconverted bonds will be forcibly redeemed, and the "Hengbang convertible bonds" will be delisted from the Shenzhen Stock Exchange following the completion of the redemption.