Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. announced the early redemption of its "Hengbang Convertible Bonds." The redemption price is set at 100.28 yuan per bond, including accrued interest. The company’s board approved the early redemption on October 17, 2025.

Redemption conditions were met on October 17, 2025, as the company's stock price closed at or above 130% of the current conversion price (11.19 yuan per share) for at least 15 trading days within a 30-day period between September 9, 2025, and October 17, 2025. Trading of the convertible bonds will cease on November 25, 2025, with the redemption registration date on November 27, 2025, and the stop-conversion date on November 28, 2025.

Funds for the redemption are expected to reach the China Securities Depository and Clearing Corporation's account by December 3, 2025, with bondholders receiving their payments by December 5, 2025. Bondholders are advised to convert their bonds before the deadline to avoid potential losses as the market price may differ significantly from the redemption price.