Shandong Humon Smelting to redeem convertible bonds early

Shandong Humon Smelting Co., Ltd. has announced the early redemption of its "Hengbang convertible bonds." The last trading day for these bonds is November 24, 2025, with the final conversion date set for November 27, 2025. Unconverted bonds will be forcibly redeemed at a price of CNY 100.28 per bond (including accrued interest and tax) after market close on November 27, 2025. Following redemption, the bonds will be delisted from the Shenzhen Stock Exchange.

The decision to exercise the early redemption option was triggered between September 9, 2025, and October 17, 2025. During this period, the company's stock price met pre-defined conditions, trading above 130% of the current conversion price for at least 15 out of 30 consecutive trading days. The current conversion price is CNY 11.19 per share.

The company reminds bondholders to be aware of the limited conversion period, as the redemption price may differ significantly from market prices before trading ceases. Investors who fail to convert their bonds in time may incur losses. Funds for redemption are expected to reach the central depository on December 3, 2025, with investor accounts credited by December 5, 2025.