Significant Securities Dealings in ENN Energy Holdings Limited: Detailed Disclosure

Key Points for Investors

• Date of Disclosure: 5 March 2026
• Nature of Event: Disclosure of dealings in the shares of ENN Energy Holdings Limited, pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.
• Involved Party: Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, and ultimately owned by Morgan Stanley.
• Type of Securities: Ordinary shares of ENN Energy Holdings Limited.

Details of the Transactions

On 4 March 2026, Morgan Stanley & Co., International plc conducted several significant transactions involving ENN Energy Holdings Limited shares. These transactions were related to the hedging of Delta 1 and equity related products, created as a result of wholly unsolicited client-driven orders:

• Purchase:
  • Number of Shares: 38,600
  • Total Amount Paid: \$2,688,534.40
  • Price Range: Highest at \$70.3480, Lowest at \$69.3500 per share
• Sales:
  • First Sale:
    • Number of Shares: 24,300
    • Total Amount Received: \$1,697,632.40
    • Price Range: Highest at \$70.4500, Lowest at \$69.4660 per share
  • Second Sale:
    • Number of Shares: 1,400
    • Total Amount Received: \$97,587.00
    • Price Range: Highest at \$69.9500, Lowest at \$69.5210 per share

Significance for Shareholders

• Potential Price Sensitivity: The dealings disclosed were substantial both in volume and value, and occurred in the context of hedging activities related to Delta 1 and equity-related products. While these were client-driven and unsolicited, the sizable purchase and sales by a major financial institution such as Morgan Stanley & Co., International plc could impact market sentiment and potentially influence ENN Energy Holdings Limited’s share price in the short term.
• Association with Offeror: Morgan Stanley & Co., International plc’s status as a Class (5) associate connected with the Offeror is notable, especially as the company is involved in a privatisation deal by way of a scheme of arrangement. Such connections may be closely monitored by investors amid ongoing corporate actions.
• Hedging Not Directional: The transactions were explicitly stated to be hedging activities for client-driven orders and not proprietary trades aimed at influencing or expressing a view on ENN Energy’s share price. Still, the magnitude of these trades and the parties involved could attract investor attention.

Additional Information

• Ownership and Transparency: All dealings were made for Morgan Stanley & Co., International plc’s own account, and the firm is ultimately owned by Morgan Stanley. Disclosure of such dealings is part of regulatory compliance under the Hong Kong Code on Takeovers and Mergers, ensuring transparency during sensitive corporate actions such as privatisation.

Summary

Investors should closely monitor ENN Energy Holdings Limited for further updates, particularly in light of ongoing privatisation efforts and the involvement of significant financial institutions in secondary market dealings. The disclosed transactions, while hedging in nature, represent notable activity in the company’s shares at a time of potential strategic change, and may contribute to market volatility or price movements in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions. The information is based on public disclosures as of 5 March 2026 and may be subject to change without notice.

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