Shandong Humon Smelting to redeem all outstanding Hengbang convertible bonds

Shandong Humon Smelting announced the early redemption of all outstanding Hengbang convertible bonds at a price of CNY 100.28 per bond, including accrued interest. This decision follows the company's stock price meeting the conditional redemption clause, with closing prices consistently above 130% of the current conversion price for at least 15 out of 30 consecutive trading days between September 9 and October 17, 2025.

The last trading day for Hengbang convertible bonds is November 25, 2025, with the redemption registration date set for November 27, 2025. The conversion will cease on November 28, 2025, which is also the redemption date. Funds are expected to reach the central clearing and settlement account by December 3, 2025, and bondholders' accounts by December 5, 2025.

The company reminds bondholders that any bonds not converted by the closing of business on November 27, 2025, will be subject to mandatory redemption. Bonds that are pledged or frozen should be released before the last trading day to allow for conversion. Following the redemption, Hengbang convertible bonds will be delisted from the Shenzhen Stock Exchange.