BlackRock, Inc. Engages in Significant Derivative Transactions in ENN ENERGY HOLDINGS LTD Amid Privatisation Scheme

Date of Disclosure: 27 February 2026

Subject: Public Disclosure of Dealings in ENN ENERGY HOLDINGS LTD Shares

Key Highlights

• BlackRock, Inc. Reports Multiple Derivative Transactions:
  On 26 February 2026, BlackRock, Inc., a Class (6) associate of the Offeree company by virtue of its shareholdings, entered into a series of derivative contracts involving ENN ENERGY HOLDINGS LTD shares.
• Privatisation Scheme Underway:
  These disclosures are made in the context of a proposed privatisation of ENN ENERGY HOLDINGS LTD by way of a scheme of arrangement, a process that can have significant implications for shareholders.
• Volume and Value:
  BlackRock, Inc. entered into derivative contracts involving a substantial volume of shares. Individual transactions ranged from as few as 1,100 shares to as many as 118,100 shares in a single deal, with notional values reaching up to approximately \$1.03 million per transaction.
• Price Levels:
  The reference prices for these derivatives clustered closely around \$68.40 to \$68.49 per share. The aggregate notional amounts in a single day exceeded several million USD.
• Resultant Position:
  Following these transactions, BlackRock’s aggregate balance of shares and derivatives related to ENN ENERGY HOLDINGS LTD increased from 8,324,100 to 8,725,400 shares, reflecting a substantial exposure to the company’s equity.
• Nature of Dealings:
  All trades were conducted for the accounts of discretionary investment clients, rather than for BlackRock’s proprietary accounts.

Important Considerations for Shareholders

• Potential Price Sensitivity:
  The scale and timing of BlackRock’s derivative transactions, coinciding with the privatisation process, could be viewed as a signal of institutional interest in the outcome of the scheme of arrangement. Such large-scale trades by a major asset manager might influence market sentiment and share price volatility.
• Privatisation Process:
  As ENN ENERGY HOLDINGS LTD is the subject of a privatisation scheme, shareholders should closely monitor developments. The involvement of significant institutional investors, as evidenced by these disclosures, may impact both the perceived value and the eventual outcome of the scheme.
• Market Impact:
  Any large block trades or derivative activity in the midst of corporate actions such as a privatisation can potentially move share prices, either by influencing liquidity, bidding interest, or investor expectations.
• Disclosure Requirements:
  Under Hong Kong’s Takeovers and Mergers Code, such disclosures are mandated to ensure transparency during market-sensitive events, underscoring the heightened scrutiny and importance of these transactions at this juncture.

Comprehensive Transaction Details

The following is a breakdown of BlackRock, Inc.’s derivative dealings on 26 February 2026:

All transactions occurred on 26 February 2026 and pertained exclusively to the entering into of derivative contracts.

Conclusion

The pronounced activity by BlackRock, Inc. in derivatives referencing ENN ENERGY HOLDINGS LTD shares, in the midst of the company’s privatisation process, is a noteworthy development for both current and prospective shareholders. Such large-scale institutional involvement during a market-sensitive corporate action is likely to be closely watched and could prove influential for the stock’s future trajectory.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial professionals before making investment decisions. The information provided herein is based on publicly disclosed documents and may be subject to change or further clarification by the involved parties or regulators.

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