Detailed Breakdown of the Transactions

On 20 February 2026, BlackRock, Inc. entered into two separate derivative contracts relating to ENN Energy Holdings Ltd:

1. First Derivative Contract:
   • Number of Reference Securities: 117,400 shares
   • Reference Price: HK\$68.9606 per share
   • Total Amount Paid: HK\$1,037,244.69
   • Resultant Balance: 7,549,300 shares
   • Date of Contract: 20 February 2026
2. Second Derivative Contract:
   • Number of Reference Securities: 1,400 shares
   • Reference Price: HK\$69.1929 per share
   • Total Amount Paid: HK\$12,398.02
   • Resultant Balance: 7,550,700 shares
   • Date of Contract: 20 February 2026

What Shareholders Need to Know

• Privatisation Process: ENN Energy Holdings Ltd is undergoing a privatisation by way of a scheme of arrangement. This is a significant corporate event that can dramatically affect share prices and investor returns.
• BlackRock’s Position: BlackRock, Inc., as a major shareholder and a Class (6) associate, is actively managing its exposure to ENN Energy through derivative contracts. This activity reflects both BlackRock’s ongoing interest in the company and its strategic positioning ahead of potential changes related to the privatisation.
• Price Sensitivity: The entry into derivative contracts at prices close to HK\$69 per share could be seen as a signal of BlackRock’s valuation expectations for ENN Energy. Large-scale derivative activity by a prominent asset manager may influence market perceptions of fair value and the potential outcome of the privatisation process.
• Market Impact: Such disclosures of significant derivative dealings by a major institutional investor during a privatisation process are potentially price-sensitive. Investors should closely monitor further developments, as BlackRock’s actions may foreshadow shifts in market sentiment or strategic responses by other stakeholders.

Conclusion

BlackRock’s disclosure of entering into new derivative contracts involving ENN Energy shares during an ongoing privatisation process is a noteworthy development for shareholders and investors. The size and timing of these transactions, together with BlackRock’s position as a key institutional shareholder, may influence the trading dynamics and valuation of ENN Energy in the near term. Investors are advised to stay vigilant for further disclosures and announcements related to the privatisation scheme.

Disclaimer: The information provided above is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult with professional advisors before making investment decisions. The author and publisher assume no responsibility or liability for any actions taken based on the information contained in this article.

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