Hengbang convertible bonds called for early redemption by Shandong Humon

Shandong Humon Smelting Co. (SZSE:002237) will redeem all outstanding "Hengbang Convertible Bonds" at a price of CNY 100.28 per bond, including accrued interest. The decision was made after the company's stock price consistently exceeded 130% of the current conversion price for fifteen trading days within a thirty-day period, triggering the conditional redemption clause.

The redemption registration date is November 27, 2025, with trading ceasing on November 25, 2025, and conversion stopping on November 28, 2025. Bondholders are strongly advised to convert their bonds into shares before the November 28, 2025 deadline to avoid potential losses from the redemption price being lower than the market price. Following the redemption, "Hengbang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.

As of October 17, 2025, Jiangxi Copper Co., a controlling shareholder, held 1,271,383 "Hengbang Convertible Bonds," having sold 5,548,463 bonds between April 18, 2025, and October 17, 2025.