Key Update: ENN Natural Gas Co., Ltd. – Securities Dealings Disclosure

Privatisation Scheme & Public Disclosure

On 11 March 2026, a public disclosure form was filed in connection with the ongoing privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement. This disclosure is made in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, and it provides important insights into recent dealings in ENN’s shares by a connected party.

Key Points for Investors

• Party Involved: CITIC Securities Company Limited, a Class (5) associate connected with the Offeror, reported two separate dealings in the A shares of ENN Natural Gas Co., Ltd.
• Date of Dealings: 10 March 2026
• Nature of Dealings:
  • Sale of Ordinary Shares: CITIC Securities created 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.
    Details: Sold 200 shares for a total amount of ¥4,182.00 at a price of ¥20.91 per share.
  • Purchase of Ordinary Shares: CITIC Securities dealt in pre-existing index-tracking ETFs.
    Details: Bought 100 shares for a total amount of ¥2,106.00 at a price of ¥21.06 per share.
• Price Range:
  • Highest Price Paid: ¥21.06 per share
  • Lowest Price Received: ¥20.91 per share
• Dealings Made in RMB
• Dealings Were for CITIC Securities’ Own Account

Potentially Price-Sensitive Information

Shareholder Alert: The disclosure of dealings by CITIC Securities, a connected party, during an ongoing privatisation process is noteworthy. Even though the volumes are relatively small (200 shares sold, 100 shares bought), the transactions were made for CITIC’s own account, and the prices paid/received may serve as reference points for ENN Natural Gas Co., Ltd.’s share valuation during the privatisation.

ETF Activity: The creation and dealing in index-tracking ETFs involving ENN shares, especially with the shares representing a minor proportion of the ETF basket, could indicate evolving institutional interest and may affect liquidity and price stability in the short term.

Privatisation Context: Any activity by associates of the Offeror during a privatisation scheme is closely watched by investors, as it may signal confidence, positioning, or strategic intent ahead of the transaction’s completion.

Implications for Shareholders

• The reported prices (¥20.91–¥21.06 per share) could be used as market benchmarks in the context of privatisation negotiations or scheme pricing.
• The involvement of a connected party in share dealings could be interpreted as a sign of underlying value, or a means to influence market sentiment.
• Shareholders should closely monitor further disclosures and announcements related to the privatisation, as such activity may precede larger moves or strategic developments.

Conclusion

While the volumes involved are modest, the disclosure is important given the ongoing privatisation. Any activity by connected parties during this period can be price sensitive and may warrant attention from investors seeking to anticipate potential changes in valuation or ownership structure.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions related to ENN Natural Gas Co., Ltd. or any other security.

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