Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co. has decided to exercise its right to early redeem "Hengbang convertible bonds." The redemption price is set at 100.28 yuan per bond, inclusive of accrued interest and tax, based on a current annual interest rate of 0.6%. The 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, or 14.55 yuan per share) for at least 15 trading days within a consecutive 30-trading-day period.

The company has set the stop trading date for the convertible bonds as November 25, 2025, and the redemption registration date as November 27, 2025. Unconverted bonds will be compulsorily redeemed on November 28, 2025, after which they will be delisted from the Shenzhen Stock Exchange. Bondholders are advised to convert their bonds before the stop trading date to avoid potential losses.

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 redemption payments by December 5, 2025. Jiangxi Copper, a major shareholder, traded 5,548,463 bonds during the six months prior to the redemption condition fulfillment date, reducing its holding to 1,271,383 bonds.