Shandong Humon Smelting to early redeem "Hengbang convertible bonds"

Shandong Humon Smelting announced its decision to early redeem the "Hengbang convertible bonds" at a price of 100.28 yuan per bond, including accrued interest. This follows the company's stock price meeting trigger criteria for 15 out of 30 consecutive trading days between September 9, 2025, and October 17, 2025. The bonds will cease trading on November 25, 2025, with the redemption registration date set for November 27, 2025.

Bondholders must convert their "Hengbang convertible bonds" into shares before the redemption date of November 28, 2025, to avoid mandatory redemption at the announced price. The company warns that the redemption price may differ significantly from market prices before trading halts and conversion, urging investors to be aware of potential losses if they do not convert in time. Funds for the redeemed bonds are expected to reach the central clearing account by December 3, 2025, and bondholders' accounts by December 5, 2025.

Jiangxi Copper Co., Ltd., a major shareholder, reduced its holding of "Hengbang convertible bonds" from 6,819,846 shares to 1,271,383 shares by selling 5,548,463 shares within the six months preceding the redemption condition satisfaction date.