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

Summary of the Report

• Date of Disclosure: 4 May 2026
• Transaction Date: 30 April 2026
• Involved Party: CITIC Securities Company Limited
• Relevant Company: ENN Natural Gas Co., Ltd.
• Type of Securities: Ordinary A shares
• Nature of Transaction: Sale of shares by way of creation of new index-tracking ETFs
• Number of Shares Involved: 1,300 shares
• Total Amount Received: RMB 26,786.0000
• Price Range: Highest price paid/received per share: RMB 20.6800; Lowest price: RMB 20.4200
• Transaction Proportion: The securities involved represent less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
• Context: The disclosure is made as part of the privatisation process of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement, under the requirements of the Hong Kong Code on Takeovers and Mergers (Rule 22).
• Associate Status: CITIC Securities is a Class (5) associate connected with the Offeror and these dealings were made for its own account.

Details For Investors and Shareholders

This disclosure document is significant for investors and shareholders of ENN Natural Gas Co., Ltd. for the following reasons:

1. Potential Impact on Share Price: The sale of ENN Natural Gas shares by CITIC Securities, although relatively minor in volume (1,300 shares), occurs in the context of the company’s ongoing privatisation process via scheme of arrangement. Such disclosures, especially involving associates of the Offeror, can be price sensitive, as they provide insight into the trading behavior of parties closely linked to the privatisation.
2. ETF Creation Activity: The shares were sold as part of the creation of new index-tracking exchange traded funds (ETFs). While the transaction represents less than 1% of the total shares in issue and less than 20% of the ETF basket, ETF-related trades can reflect changing market sentiment or index composition, potentially affecting liquidity and share price volatility.
3. Price Range Information: The shares were sold in a range between RMB 20.4200 and RMB 20.6800 per share. Shareholders should note these transaction prices as reference points for recent institutional trading activity.
4. Privatisation Context: The ongoing privatisation and the associated disclosures may lead to increased market activity and attention on ENN Natural Gas shares. Investors should monitor further announcements, as changes in shareholding by associates of the Offeror could influence both the takeover process and market perception.
5. Regulatory Compliance: The disclosure is made in compliance with Rule 22 of the Hong Kong Code on Takeovers and Mergers, ensuring transparency around dealings in the target company’s shares during the privatisation process.

Conclusion

Although the volume of shares traded is relatively small, the involvement of CITIC Securities—a Class (5) associate of the Offeror—in the sale of ENN Natural Gas shares during a privatisation process is noteworthy. Investors should stay alert to further disclosures or market activity, as such transactions, even if ETF-related and not directly strategic, may influence market sentiment and share price movements in the short term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions.

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