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

Overview

On 2 March 2026, a public disclosure was made concerning significant dealings in the shares of ENN Natural Gas Co., Ltd. by CITIC Securities Company Limited. This disclosure is part of the ongoing privatisation process of ENN Natural Gas by way of a scheme of arrangement, and was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.

Summary of Dealings

• Date of Dealings: 27 February 2026
• Party Involved: CITIC Securities Company Limited (a Class (5) associate connected with the Offeror)
• Type of Securities: Ordinary A shares of ENN Natural Gas Co., Ltd.
• Currency: All dealings were conducted in RMB.

Detailed Transactions

• Sale of Shares:
  • Nature: Creation of new index-tracking ETFs
  • Volume: 100 shares
  • Total Amount Received: RMB 2,060.00
  • Price Per Share: RMB 20.06 (both highest and lowest price)
  • Note: The relevant securities represented less than 1% of the class in issue and less than 20% of the value of the securities in the basket or index.
• Purchase of Shares:
  • Nature: Dealing in pre-existing index-tracking ETFs
  • Volume: 1,100 shares
  • Total Amount Paid: RMB 22,418.00
  • Price Per Share: RMB 20.38 (both highest and lowest price)

Implications for Shareholders and Potential Price Sensitivity

Key Points for Shareholders:

• The disclosure is directly related to the ongoing privatisation of ENN Natural Gas by scheme of arrangement, a process that can often lead to share price volatility as the market reacts to changes in ownership structure and potential future strategies.
• CITIC Securities, a connected associate of the Offeror, has made both purchases and sales in ENN Natural Gas shares, but the volumes involved are relatively small (a sale of 100 shares and a purchase of 1,100 shares). These amounts represent less than 1% of the total class in issue, suggesting no immediate significant change in control or major stake accumulation.
• The dealings were related to index-tracking ETFs, indicating that the transactions were conducted as part of routine ETF creation/redemption activities, not as strategic share acquisitions or disposals.
• The prices of the transactions (RMB 20.06 and RMB 20.38) provide a reference for recent trading levels, which investors may find useful for gauging current market sentiment and fair value.

Potential Impact on Share Price

While any dealings by connected parties during a privatisation process are closely monitored, the small size and nature of these transactions (index-related, not strategic) suggest limited direct impact on ENN Natural Gas’s share price. Nevertheless, the disclosure signals transparency and ongoing activity in the shares, which may be of interest to investors tracking developments around the privatisation.

Conclusion

Investors should continue to monitor public disclosures for any larger or strategic transactions by connected parties as the privatisation process progresses, as these may have more significant implications for ENN Natural Gas’s share value.

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 investment decisions.

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