Humon smelting announces early redemption of convertible bonds

Shandong Humon Smelting Co., Ltd. announced its decision to early redeem all outstanding "Hengbang Convertible Bonds" at a price of 100.28 yuan per bond, including accrued interest. This decision follows the company's stock price meeting the redemption condition—trading at or 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 redemption process dictates that bonds not converted by the close of business on November 27, 2025, will be compulsorily redeemed. The last day for trading the bonds will be November 25, 2025, and the last day for conversion will be November 28, 2025. Funds for the redemption are expected to reach the central depository accounts by December 3, 2025, with bondholders receiving their payments by December 5, 2025.

Investors are urged to convert their bonds before the deadline to avoid potential losses, as the redemption price may significantly differ from market prices prior to the trading and conversion halts. Jiangxi Copper Co., Ltd., a major shareholder, reduced its holdings of "Hengbang Convertible Bonds" by 5,548,463 bonds during the six months preceding the redemption trigger date.