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

Privatisation Scheme & Recent Share Transactions

On March 3, 2026, a public disclosure was made regarding the privatisation of ENN Natural Gas Co., Ltd. via a scheme of arrangement. The report details securities dealings undertaken by China International Capital Corporation Limited (CICC), an exempt principal trader connected with the Offeror. These transactions are in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Key Points for Investors

• Privatisation Activity: ENN Natural Gas Co., Ltd. is undergoing privatisation by way of a scheme of arrangement. This process can have significant implications for share price, liquidity, and shareholder rights.
• Recent Share Dealings: CICC was involved in both the purchase and sale of ENN Natural Gas A shares in RMB.
• Details of Transactions:
  • Creation of New Index-Tracking ETFs: CICC purchased 1,100 ordinary shares for a total amount of RMB 22,814. The highest and lowest prices paid were both RMB 20.74 per share. This purchase was part of new index-tracking ETFs, where ENN shares represented less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
  • Disposal of ETF Underlying Shares: CICC sold 12,100 ordinary shares for a total amount of RMB 251,372. The highest price received was RMB 21.08 per share and the lowest was RMB 20.57 per share. These shares were disposed of as a result of the redemption of pre-existing index-tracking ETFs, prompted by unsolicited client requests.
• Nature of Dealings: All transactions were carried out for CICC’s own account, not on behalf of clients.

Important Considerations for Shareholders

• Potential Price Sensitivity: The privatisation process and the scale of share dealings by a connected principal trader can be highly price sensitive. Although the volume traded here is relatively small compared to the total shares in issue, the movement of shares in connection with index-tracking funds and ETF redemptions can signal broader market activity or investor sentiment changes.
• ETF Activity: The creation and redemption of ETFs involving ENN Natural Gas shares may impact the liquidity and trading dynamics of the stock. If ETF-related flows increase, this could lead to heightened volatility or unusual trading volumes.
• Trading Prices: The disclosed prices (RMB 20.57 to RMB 21.08 for sales, RMB 20.74 for purchases) provide investors with a recent benchmark for where institutional trading occurred. This may influence short-term market pricing and can serve as a reference for fair value assessments.
• Privatisation Impact: The ongoing privatisation via scheme of arrangement is a material event. Shareholders should monitor updates closely as this could affect future valuation, shareholder rights, and the timeline for any compulsory acquisition or delisting.

Summary for Investors

The disclosed dealings, though modest in volume, are significant due to the context of ENN Natural Gas Co., Ltd.’s privatisation process. Institutional activity, especially from a party connected to the Offeror, may be interpreted as indicative of underlying market dynamics or the anticipated outcome of the privatisation. Shareholders are advised to stay alert to further disclosures and monitor trading volumes and prices for any signs of increased activity or price movement.

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

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