Key Disclosure: China International Capital Corporation Limited (CICC) Sells ENN Natural Gas Co., Ltd. Shares

Date of Disclosure: 30 April 2026
Transaction Date: 29 April 2026
Issuer: ENN Natural Gas Co., Ltd.
Transaction Party: China International Capital Corporation Limited (CICC)

Key Points for Investors

• Privatisation in Progress: This disclosure is related to the ongoing privatisation of ENN Natural Gas Co., Ltd. via a scheme of arrangement. Such corporate actions are closely watched by investors as they often result in significant changes to a company’s capital structure and may impact share value.
• Exempt Principal Trader Activity: CICC, acting as an exempt principal trader connected with the Offeror, has reported a sale of ENN Natural Gas A shares. The status of CICC as a connected party makes these dealings particularly relevant for those monitoring potential changes in market dynamics or the privatisation process.
• Details of the Sale:
  • Number of Shares Sold: 1,100 ordinary A shares
  • Total Amount Received: RMB 23,430.00
  • Price Per Share: RMB 21.30 (both highest and lowest price for the disclosed batch)
  • Nature of Sale: Shares were disposed of as a result of client redemption requests out of pre-existing index-tracking ETFs, not as a proprietary trading decision initiated by CICC.
• Potential Impact on Share Value: While the total volume of shares sold is relatively small, this transaction may be of interest to shareholders and market participants for several reasons:
  • The sale was prompted by unsolicited client requests, indicating that ETF holders are redeeming their positions, which could reflect sentiment or expectations regarding the ongoing privatisation process.
  • As CICC is connected with the offeror in the privatisation, such disclosures might be interpreted as an indicator of insider or related-party positioning, even if the sale was not initiated by CICC for its own proprietary reasons.
  • Any change in ETF holdings or redemption trends during a privatisation process could impact liquidity and the supply-demand balance in the stock, potentially influencing the share price.
• Currency Note: All transactions were conducted in Renminbi (RMB).

What Should Shareholders Watch?

Shareholders should closely monitor further disclosures of dealings, especially by parties connected with the Offeror, as these may provide insights into ongoing market sentiment and the progression of the privatisation. Additionally, any significant volume changes or patterns in ETF redemptions could signal shifts in investor confidence or expectations about the outcome and pricing of the privatisation. The price at which shares were sold (RMB 21.30) could also serve as a near-term reference for market participants.

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

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