BlackRock, Inc. Discloses Significant Derivative Dealings in ENN Energy Holdings Ltd

Key Highlights from the Public Disclosure

• Date of Disclosure: 28 February 2026
• Nature of Transaction: Derivative dealings in shares of ENN Energy Holdings Ltd. by BlackRock, Inc.
• Context: Privatisation by way of scheme of arrangement, as per Rule 22 of the Hong Kong Code on Takeovers and Mergers

Details of BlackRock’s Dealings

The report reveals that BlackRock, Inc. has entered into several derivative contracts involving ENN Energy Holdings Ltd. shares. These transactions were executed for the account of discretionary investment clients and are significant due to their size and timing.

• Transaction Date: 27 February 2026
  • First Transaction:
    • Number of reference securities: 127,600
    • Reference price: \$68.4437 per share
    • Total amount paid: \$1,117,683.56
    • Resultant balance: 8,853,000 shares
  • Second Transaction:
    • Number of reference securities: 900
    • Reference price: \$68.5278 per share
    • Total amount paid: \$7,884.60
    • Resultant balance: 8,853,900 shares
  • Third Transaction:
    • Number of reference securities: 7,200
    • Reference price: \$68.8000 per share
    • Total amount paid: \$183,100.24
    • Resultant balance: 7,200 shares

Implications for Shareholders

BlackRock, Inc. is a Class (6) associate of ENN Energy Holdings Ltd due to its holdings of ordinary shares in the company. The disclosed dealings were made for the account of discretionary investment clients, indicating active portfolio management and potential confidence in the company’s outlook.

The timing of these derivative transactions is particularly noteworthy as it coincides with the privatisation process of ENN Energy Holdings Ltd. via a scheme of arrangement. Such dealings may be considered price-sensitive, as increased activity by a major institutional investor like BlackRock could signal expectations of value changes, impact liquidity, and influence the perception of other investors.

Shareholders should closely monitor these developments, as they could affect both the short-term trading dynamics and the long-term valuation of ENN Energy Holdings Ltd., especially in the context of the ongoing privatisation efforts.

Potential Price Sensitivity

• Large derivative positions by BlackRock may influence share price by increasing demand or signaling institutional confidence.
• Privatisation by scheme of arrangement typically impacts share value, and associate dealings may heighten market interest and volatility.

Additional Information

• BlackRock, Inc. is ultimately owned by BlackRock, Inc. and remains a significant associate investor in ENN Energy Holdings Ltd.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence or consult with professional advisors before making any investment decisions. The information provided is based on publicly disclosed data and may not reflect the latest market developments.

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