Dear XTers,
XT Exchange has completed the technical maintenance for Honeywell xStock (HONX). HONX/USDT trading will open at 12:30 (UTC) on July 7, 2026.
During the maintenance period, XT also completed the mapping adjustment for HONX in response to the corporate actions of the underlying asset, Honeywell (HON), including the reverse stock split of HON and the spin-off listing of Honeywell Aerospace (HONA). Details are as follows:
1. Underlying Stock Corporate Actions
According to publicly available corporate action information, Honeywell completed the following structural adjustments:
- HON completed a 1-for-2 reverse stock split.
- Honeywell Aerospace (HONA) completed its spin-off listing.
- For every 2 HON shares held, shareholders were entitled to receive 1 HONA share.
After the corporate actions, every 2 pre-adjustment HON shares correspond to 1 post-reverse-split HON share plus 1 HONA share.
2. HONX Token Mapping Adjustment
To maintain consistency and continuity between the on-chain asset and the underlying stock structure, the total supply of HONX and users’ HONX holdings remain unchanged. Only the underlying asset structure referenced by each HONX token has been systematically revalued and adjusted.
The adjustment is as follows:
- Before the corporate actions: 1 HONX ≈ 1 HON share
- After the corporate actions: XT Exchange has completed the reference mapping adjustment based on the reverse stock split and spin-off results.
- Adjusted reference: 1 HONX ≈ 1 adjusted HON share, equivalent to approximately 0.99906 HON shares based on the system’s reference calculation.
Please note that the number of HONX tokens held by users remains unchanged. However, the underlying asset structure referenced by HONX has been systematically updated in line with the corporate actions.
Special Note on On-Chain Display
The on-chain uiAmount is a display-layer value used to reflect the reference quantity of the corresponding underlying asset. It may differ from the actual underlying token quantity displayed by the system. However, this does not affect:
- Users’ actual holdings
- Deposit, withdrawal, or transfer functions
- The total value of users’ assets
This display difference is only related to the system’s display logic adjustment. Users do not need to take any action.
3. Impact on Holdings and Asset Value
This adjustment does not affect users’ total asset value or holding quantity:
- Users’ HONX holdings remain unchanged.
- The underlying asset structure referenced by each HONX has been updated.
- The theoretical net asset value (NAV) remains continuous before and after the corporate actions.
4. Risk Reminder
As Honeywell’s corporate actions involve structural adjustments, including a reverse stock split and a spin-off, the market may experience sharp short-term price fluctuations due to information gaps or changes in liquidity. Please make sure you fully understand the relevant mechanism before trading, carefully assess the risks, and make prudent investment decisions.
Thank you for your support!
XT Team
July 7, 2026
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XT Exchange reserves the right, at its sole discretion, to modify, amend, or cancel this announcement at any time for any reason without prior notice.