Key Points from the Public Disclosure

• Date of Disclosure: 25 February 2026
• Transaction Date: 24 February 2026
• Transaction Details: BlackRock, Inc. acquired 1,506,923 shares of ENN Energy Holdings Ltd.
• Purchase Price: \$68.6000 per share
• Resultant Shareholding: After the purchase, BlackRock, Inc.’s total holding is 64,075,737 shares, representing approximately 5.6612% of the total issued share capital of ENN Energy Holdings Ltd.
• Nature of Dealings: The transactions were made for the account of discretionary investment clients and executed on the US exchange.
• Regulatory Context: The disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in relation to a privatisation scheme of arrangement for ENN Energy Holdings Ltd.
• BlackRock, Inc. Status: BlackRock, Inc. is designated as a Class (6) associate of the Offeree company due to its shareholdings.

Potential Impact and Important Information for Shareholders

• Significant Share Purchase: The acquisition of over 1.5 million shares by BlackRock, Inc. is a large trade that may signal confidence in the company’s future prospects, particularly as ENN Energy Holdings is undergoing a privatisation scheme.
• Privatisation Scheme: The ongoing privatisation by way of a scheme of arrangement is a major corporate event. Shareholders should be aware that large institutional investors like BlackRock, Inc. are increasing their stakes, possibly anticipating value creation or strategic changes post-privatisation.
• Price Sensitivity: The purchase price (\$68.6000 per share) may set a benchmark for current trading levels and could be considered by investors analyzing the fairness of the privatisation offer. Large purchases at this price may affect share price movements in the short term.
• Class (6) Associate Status: BlackRock’s classification as a Class (6) associate means its actions and holdings may have regulatory implications or influence in the context of the privatisation, potentially impacting voting outcomes or future arrangements.
• Market Implications: The disclosed transaction was executed on the US exchange, indicating cross-border investor interest and potentially higher liquidity or volatility in ENN Energy Holdings shares.

What Investors Should Watch

• Monitor further disclosures and changes in shareholding by major institutional investors, as these could foreshadow material developments in the privatisation process.
• Evaluate the privatisation scheme’s terms in light of recent share purchases, especially the price at which institutional investors are willing to buy.
• Be aware of possible short-term share price movements resulting from significant trading activity and heightened investor interest.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Investors should conduct their own research and consult with professional advisers before making investment decisions. The information is based on public disclosures and may change as new information becomes available.

View ENN ENERGY Historical chart here