Detailed Dealings Disclosed

On 17 April 2026, Morgan Stanley & Co., International plc executed notable transactions in the ordinary shares of ENN Natural Gas Co., Ltd. The transactions were made as part of hedging activities for Delta 1 products, which were created solely due to wholly unsolicited client-driven orders.

• Purchase:
  – Number of shares: 1,649 ordinary shares
  – Total amount paid: RMB 34,327.62
  – Price range: RMB 20.68 to RMB 20.93 per share
• Sale:
  – Number of shares: 126,900 ordinary shares
  – Total amount received: RMB 2,650,097.30
  – Price range: RMB 20.70 to RMB 20.98 per share

All dealings were conducted by Morgan Stanley & Co., International plc for its own account, and the firm is ultimately owned by Morgan Stanley.

Implications for Shareholders

• These transactions are significant due to their timing, as they occurred just ahead of the public disclosure regarding the privatisation scheme of ENN Natural Gas Co., Ltd. The sale of a substantial block of shares (126,900) at prices ranging from RMB 20.70 to RMB 20.98 could indicate institutional sentiment or hedging activity around the ongoing privatisation process.
• Morgan Stanley & Co., International plc is classified as a Class (5) associate connected with the Offeror, making its trading activities potentially price-sensitive and closely watched by the market.
• The disclosure of these dealings may influence market perceptions regarding the valuation of ENN Natural Gas Co., Ltd. shares, especially in the context of a proposed privatisation and potential changes in shareholder structure.
• Investors should monitor further disclosures and announcements related to the privatisation scheme, as additional institutional activity or shifts in large shareholdings could affect future share price movements.

Conclusion

The disclosed transactions by Morgan Stanley & Co., International plc are noteworthy given their size, timing, and the firm’s connection to the Offeror in the privatisation of ENN Natural Gas Co., Ltd. Investors should remain alert to further developments in the scheme of arrangement and any subsequent share dealings, as these could materially impact share valuations in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or seek advice from a qualified financial advisor before making any investment decisions.

View ENN ENERGY Historical chart here