BlackRock Discloses Sale of ENN Energy Holdings Ltd Shares Amid Privatisation Scheme

Key Points from the Disclosure

• Date of Transaction: 27 February 2026
• Party Involved: BlackRock, Inc. (a Class 6 associate of ENN Energy Holdings Ltd)
• Nature of Transaction: Sale of shares
• Number of Shares Sold: 22,964
• Price per Share: \$68.8000
• Resultant Shareholding: 62,680,726 shares
• Percentage of Class Held: 5.5380%
• Exchange: Dealings executed on the US exchange
• Client Account: Dealings made for the account of discretionary investment clients
• Context: Disclosure made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in the context of a privatisation by way of scheme of arrangement.

Details and Implications for Shareholders

On 2 March 2026, a public disclosure was made regarding the dealings of BlackRock, Inc. in the shares of ENN Energy Holdings Ltd. The transaction, which was executed on 27 February 2026, involved the sale of 22,964 shares at a price of \$68.80 per share. Following this transaction, BlackRock’s total holding in ENN Energy stands at 62,680,726 shares, representing approximately 5.54% of the issued share capital.

This disclosure is significant as it occurs during an ongoing privatisation process of ENN Energy Holdings Ltd, being conducted by way of a scheme of arrangement. BlackRock is considered a Class (6) associate of the offeree company, meaning its shareholdings are relevant in the context of the takeover and privatisation process. The dealings were conducted on behalf of discretionary investment clients, indicating that the shares were sold as part of portfolio management activities rather than a directional bet on the company.

Shareholder Considerations:

• The sale by BlackRock, a major global asset manager and significant shareholder, could be interpreted by the market as a reduction in conviction regarding the company’s prospects or the terms of the privatisation.
• The reported sale price of \$68.80 per share may serve as a reference point for investors considering the value of their holdings, especially in the context of the ongoing privatisation scheme.
• Changes in the shareholding structure of the company during a privatisation or takeover process can affect the outcome, especially if large institutional investors adjust their positions.
• The public disclosure of such dealings is required under the Hong Kong Code on Takeovers and Mergers, highlighting the importance of transparency during material corporate events.

Potential Impact on Share Price

The sale of shares by BlackRock at a material time such as during a privatisation scheme could be price sensitive information for investors. Any significant movement by major shareholders, particularly when disclosed in the context of a potential change of control, may impact market sentiment and the stock’s trading price. Investors should monitor further disclosures and the progress of the privatisation scheme closely.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a licensed financial advisor before making any investment decisions. The information provided is based on publicly disclosed data as of 2 March 2026 and may be subject to further updates.

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