Significant Securities Dealings Disclosed for ENN Energy Holdings Limited

Summary of Key Points

• Date of Disclosure: 9 March 2026
• Party Involved: Morgan Stanley & Co., International plc
• Type of Transaction: Dealings in the shares of ENN Energy Holdings Limited
• Context: Disclosure made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in relation to a privatisation by way of scheme of arrangement.

Detailed Transaction Information

Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, reported the following transactions in ENN Energy Holdings Limited ordinary shares, which were conducted as part of hedging activities related to Delta 1 products. These transactions were entirely driven by unsolicited client orders and executed for Morgan Stanley’s own account.

• 6 March 2026 – Purchases:
  • Number of Shares Purchased: 8,200
  • Total Amount Paid: \$562,015.00
  • Highest Price Paid per Share: \$69.6150
  • Lowest Price Paid per Share: \$68.3000
• 6 March 2026 – Sales:
  • Number of Shares Sold: 4,000
  • Total Amount Received: \$276,355.00
  • Highest Price Received per Share: \$70.4000
  • Lowest Price Received per Share: \$68.3000

What Shareholders Need to Know

• Association with the Offeror: Morgan Stanley & Co., International plc is classified as a Class (5) associate, and is connected with the party making an offer for ENN Energy Holdings Limited in the context of a privatisation.
• Hedging Activity: The disclosed dealings were a result of hedging Delta 1 products, following unsolicited orders from clients. These are not proprietary trading decisions but are still price-sensitive as they impact market liquidity and potentially the share price.
• Price Range: The trades occurred within a price range of \$68.3000 to \$70.4000, providing investors with a clear recent trading band for ENN Energy’s shares.
• Potential Price Sensitivity: As these dealings are connected to the privatisation process and involve a major financial institution acting in association with the Offeror, they may signal continued activity or interest around the shares, which could influence market sentiment and valuations.

Investor Takeaways

Investors should be aware that Morgan Stanley & Co., International plc’s trading activities—despite being client-driven hedging—are material information within the context of the ongoing privatisation scheme for ENN Energy Holdings Limited. The involvement of a major global financial institution, and the disclosure of actual transaction prices and volumes, are relevant for understanding recent price action and potential future developments in the takeover process.

The close association of these dealings with the Offeror may suggest ongoing strategic interest and continued market activity in ENN Energy shares, which could impact short-term price volatility and investor sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult a financial advisor before making investment decisions. The information is based on a public disclosure form and may not reflect all market developments or future actions by the parties involved.

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