Disclosure of Dealings in ENN Natural Gas Co., Ltd. Shares by CITIC Securities

Privatisation by Scheme of Arrangement – Key Details from Latest Disclosure

On 26 February 2026, a public disclosure was made concerning dealings in the shares of ENN Natural Gas Co., Ltd. in the context of its ongoing privatisation by way of scheme of arrangement. The disclosure was submitted to the Executive under Rule 22 of the Hong Kong Code on Takeovers and Mergers. This event is of particular interest to shareholders and investors, as it relates to potential changes in the company’s ownership structure and could influence the share price.

Highlights from the Disclosure

• Party Involved: CITIC Securities Company Limited, a Class (5) associate connected with the Offeror, conducted the disclosed transactions. It is important for investors to note the involvement of a connected party, as their actions might reflect expectations or strategic shifts related to the privatisation process.
• Date of Transactions: 25 February 2026
• Type of Securities: Ordinary shares of ENN Natural Gas Co., Ltd. (A shares)
• Nature and Details of Dealings:
  • Creation of New Index-Tracking ETFs: CITIC Securities sold 200 ordinary shares as part of the creation of new index-tracking ETFs. Notably, in this transaction, the relevant securities represented less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
    • Sale of 200 shares
    • Total received: RMB 3,990.00
    • Price per share: RMB 19.95
  • Dealing in Pre-Existing Index-Tracking ETFs: CITIC Securities purchased 200 ordinary shares for its own account.
    • Purchase of 200 shares
    • Total paid: RMB 3,983.00
    • Highest price paid: RMB 19.92
    • Lowest price paid: RMB 19.91
• Currency of Transactions: All dealings were conducted in RMB.

Implications for Shareholders and Potential Price Sensitivity

Shareholders should be aware that these transactions, while limited in size (each involving only 200 shares and representing less than 1% of the class in issue), are significant primarily because they are conducted by a connected party (CITIC Securities) during a period of corporate restructuring. The creation and dealing in index-tracking ETFs might indicate ongoing portfolio adjustments as the privatisation process unfolds.

However, the relatively small scale of these transactions suggests limited direct impact on the overall share price. The prices involved (RMB 19.91 to RMB 19.95 per share) may, however, serve as reference points for other investors considering the current valuation in the context of the privatisation.

Key Takeaway for Investors: The actions of CITIC Securities, as a connected party, could be interpreted as routine ETF-related activity rather than a sign of material change in the company’s prospects. Nonetheless, any dealings by connected parties during a takeover or privatisation process warrant close attention, as they can offer insights into the confidence of insiders regarding the company’s future and the progress of the privatisation scheme.

Conclusion

While the disclosed dealings are not large enough to independently move the share price, shareholders should remain vigilant for further disclosures and developments related to the ongoing privatisation. Such events can become price sensitive if larger or more strategic trades take place or if the scheme of arrangement advances to new stages.

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a qualified financial advisor before making investment decisions. The information is based on public disclosures and may be subject to change.

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