Shandong Humon convertible bonds conversion window closing soon

Shandong Humon Smelting Co., Ltd. has announced that its convertible bonds, "Hengbang convertible bonds," will cease conversion on November 27, 2025. Unconverted bonds will be subject to mandatory redemption at a price of 100.28 yuan per bond (including accrued interest) on November 28, 2025. The company will redeem all outstanding bonds registered with China Securities Depository and Clearing Corporation Limited (CSDC) as of the redemption registration date, November 27, 2025.

The redemption was triggered after the company's stock price met the conditional redemption clause, trading at or above 130% of the current conversion price for at least 15 out of 30 consecutive trading days between September 9, 2025, and October 17, 2025. Investors are strongly advised to convert their bonds by the deadline to avoid potential losses, as the redemption price may differ significantly from market prices.

Trading of the "Hengbang convertible bonds" will halt on November 25, 2025. Redemption funds are expected to reach the CSDC account on December 3, 2025, and investor accounts on December 5, 2025. The bonds will be delisted from the Shenzhen Stock Exchange following the redemption.