Key Disclosure: CITIC Securities Dealings in ENN Natural Gas Co., Ltd.

Date: 9 March 2026
Event: Public Disclosure of Securities Dealings under the Hong Kong Code on Takeovers and Mergers

Summary of the Disclosure

• Privatisation Activity: The report relates to the proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement.
• Disclosing Party: CITIC Securities Company Limited, which is classified as a Class (5) associate connected with the Offeror.
• Date of Transaction: 6 March 2026
• Nature of Dealing: Creation of new index-tracking Exchange Traded Funds (ETFs) where the relevant securities (ENN Natural Gas A shares) represent less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
• Type of Securities: Ordinary A Shares in ENN Natural Gas Co., Ltd.
• Transaction Details:
  • Sale of Shares: 4,500 shares sold
  • Total Amount Received: RMB 96,064.00
  • Highest Price Received: RMB 21.58 per share
  • Lowest Price Received: RMB 21.07 per share
  • Dealings were made for CITIC Securities’ own account.

Key Points for Shareholders and Investors

• Privatisation Context: The disclosure is made in the context of an ongoing privatisation process. Shareholders should note that dealings in ENN Natural Gas Co., Ltd. shares by a related party could signal ongoing preparations or adjustments in advance of the privatisation scheme.
• Price Sensitivity: While the size of the transaction is relatively small (4,500 shares, less than 1% of the class in issue), it is notable as it is by a connected party (CITIC Securities, a Class (5) associate of the Offeror). This type of disclosure can be price sensitive, especially in the context of a privatisation scheme, as it might reflect sentiment or strategic positioning by parties related to the transaction.
• Index Inclusion: The shares were sold in connection with the creation of new index-tracking ETFs. This suggests that ENN Natural Gas Co., Ltd. remains a component in certain indices, which could impact liquidity and demand for the shares.
• Dealings in A Shares: The transactions were conducted in RMB and relate to the A share class, which may be relevant for both mainland and Hong Kong investors tracking cross-border flows.

Potential Share Price Impact

While the transaction size is not substantial, the disclosure is noteworthy due to the ongoing privatisation and the connected party status of CITIC Securities. Shareholders should monitor further disclosures, as increased activity or larger transactions could signal shifts in the privatisation process or changes in the Offeror’s approach. Additionally, any significant change in index composition or ETF activity involving ENN Natural Gas could affect the share price and liquidity.

Disclaimer: This article is based on official disclosure documents and is intended for informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult with professional advisors before making investment decisions.

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