Significant Share Dealing Disclosure for ENN Energy Holdings Limited

Date: 25 February 2026
Event: Public Disclosure of Dealings in Shares – Privatisation by Scheme of Arrangement

Key Report Highlights

• Privatisation Process: The disclosure is in the context of ENN Energy Holdings Limited’s ongoing privatisation by way of a scheme of arrangement. Such corporate actions are often closely watched by investors as they may lead to substantial changes in ownership and share valuation.
• Major Market Participant: Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with the Offeror, was involved in significant dealings in ENN Energy shares.
• Date of Transactions: 24 February 2026
• Nature of Dealings: Hedging of Delta 1 products — these are financial instruments that closely track the price movements of the underlying asset (ENN Energy shares), typically used to manage risk arising from client-driven orders.
• Transactions Executed:
  • Purchase: 8,200 ordinary shares at a total value of \$562,945.90
  • Sale: 5,400 ordinary shares at a total value of \$371,135.90
  • Highest Price Paid (Purchase): \$68.9220
  • Lowest Price Paid (Purchase): \$68.4500
  • Highest Price Received (Sale): \$68.9500
  • Lowest Price Received (Sale): \$68.4500
• Purpose: The transactions were executed for Morgan Stanley’s own account, in the process of hedging risk from client-driven and unsolicited orders.
• Ownership: Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley, a globally active financial institution.

Shareholder and Market Relevance

• Price-Sensitive Implications: The active participation of a major financial institution such as Morgan Stanley in both buying and selling ENN Energy shares, especially during a privatisation process, may influence market sentiment and trading activity. The disclosed transactions – involving thousands of shares and significant capital – reflect ongoing institutional attention and may impact the share price volatility in the near term.
• Potential Impact on Share Value: The disclosed purchase and sale prices provide a transparent range for recent trading activity, which investors may use as a reference for current and near-term valuations, especially given the backdrop of a privatisation offer.
• Transparency Required by Regulation: This disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, ensuring that all market participants are informed about significant dealings during sensitive corporate events.

What Investors Should Watch

• Monitor further disclosures and trading activity by institutional investors during the privatisation process, as these may provide insight into market sentiment and the likely success or pricing of the proposed scheme of arrangement.
• Be aware that significant volumes traded by connected parties can precede or follow price movements, especially in the context of a corporate restructuring or privatisation.
• The price range from these transactions (\$68.4500–\$68.9500) may serve as a short-term trading reference or support/resistance level for ENN Energy’s shares.

Conclusion

The disclosure of significant share dealings by Morgan Stanley & Co., International plc during ENN Energy Holdings Limited’s privatisation process is a noteworthy event for investors and shareholders. Such activity by a major institutional player can be a leading indicator of market dynamics and potential price movements. Investors should stay alert to further disclosures and market developments as the privatisation process unfolds.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making investment decisions. The information herein is based on publicly disclosed data as of the date stated and may be subject to change without notice.

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