Key Disclosure: CITIC Securities Closes Derivative Position in ENN Natural Gas Co., Ltd.

Summary of Events

On 3 March 2026, a public disclosure was made regarding dealings in the shares of ENN Natural Gas Co., Ltd. under a privatisation scheme of arrangement. The report details an important transaction executed by CITIC Securities International Capital Management Limited, a Class (5) associate connected to the Offeror in the privatisation process.

Transaction Details

• Party Involved: CITIC Securities International Capital Management Limited
• Date of Transaction: 2 March 2026
• Type of Securities: Derivatives (Other types of products)
• Nature of Dealings: Closing out of a derivative contract
• Number of Reference Securities: 100 A shares of ENN Natural Gas Co., Ltd.
• Maturity/Closing Out Date: 2 March 2026
• Reference Price: RMB 20.9700 per share
• Total Amount Paid/Received: RMB 2,097.00
• Resultant Balance: 0 (The position has been fully closed)

Key Information for Shareholders

• Privatisation Context: The disclosure is directly related to the ongoing privatisation of ENN Natural Gas Co., Ltd. via a scheme of arrangement. Such events can often lead to significant changes in share value, either through a premium offer or restructuring.
• Associate Dealings: CITIC Securities International Capital Management Limited is a connected party and a Class (5) associate of the Offeror. This means their activities may be closely monitored and are potentially price sensitive.
• Dealings for Own Account: The transaction was made for the firm’s own account, not on behalf of clients or third parties. This could reflect their internal view on the direction of ENN’s share price or the outcome of the privatisation.
• Completion of Position: The closing out of the derivative contract and resultant zero balance indicates that CITIC Securities International Capital Management Limited no longer holds a position in ENN Natural Gas A shares through this derivative, which could signal a change in sentiment or expected outcome.

Potential Price Sensitivity

The closure of a derivative position by a connected party during a privatisation process can be significant. It may imply a view on the likelihood of the privatisation proceeding, the expected price, or broader shifts in investor sentiment. Shareholders should be aware that such disclosures can impact share values, particularly if other major participants follow suit or if the privatisation terms change.

Additional Facts

• CITIC Securities International Capital Management Limited is ultimately owned by CITIC Securities Company Limited.
• The transaction involved A shares of ENN Natural Gas Co., Ltd., and all dealings were made in RMB.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult financial professionals before making investment decisions. The information presented is based on public disclosures and may not reflect all material developments.

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