Highlights for Investors

• Privatisation Plans: ENN Natural Gas Co., Ltd. is currently subject to a privatisation proposal via a scheme of arrangement, which is a major corporate event that can significantly impact share price and shareholder interests.
• Key Party Involved: CITIC Securities Company Limited, identified as a Class (5) associate connected with the Offeror, disclosed its dealings in ENN Natural Gas Co., Ltd. shares.
• Nature of Transaction: On 4 March 2026, CITIC Securities sold 300 ordinary shares as part of the creation of new index-tracking ETFs. 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.
• Transaction Details:
  • Total number of shares sold: 300
  • Total amount received: RMB 6,701.00
  • Highest price received per share: RMB 22.59
  • Lowest price received per share: RMB 21.83
• Dealings Context: The transactions were made for CITIC Securities’ own account and involved A shares of ENN Natural Gas Co., Ltd. The sale was related to ETF creation and not a direct investment or divestment in the company’s equity holding.

Potential Implications for Shareholders

• Privatisation Impact: The ongoing privatisation process is a price-sensitive event. Any trading by connected parties, such as CITIC Securities, is closely monitored under Hong Kong’s Code on Takeovers and Mergers.
• Minor Sale: While the disclosed sale involves a relatively small number of shares (less than 1% of the class), the connection to the privatisation scheme and the status of CITIC Securities as an associate of the Offeror could be viewed as noteworthy by the market.
• ETF Activity: The sale was for the creation of index-tracking ETFs, which typically has minimal direct impact on share price. However, in the context of a privatisation, even small trades by connected parties may be scrutinised for signals about the offer or market sentiment.
• Price Range: The reported price range (RMB 21.83–22.59) may serve as a reference for current trading levels, but is not indicative of large-scale trading or a change in major shareholding.

Conclusion

While the disclosed transaction by CITIC Securities is minor in volume and primarily related to ETF creation, the context of ENN Natural Gas Co., Ltd.’s privatisation proposal makes all such disclosures relevant for investors. Shareholders should continue to monitor disclosures for any further activity by associates of the Offeror, as these could provide additional insight into the privatisation process and potentially affect share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The details provided are based on public disclosures and may not reflect all material information regarding ENN Natural Gas Co., Ltd. Investors should conduct their own research and consult with professional advisors before making any investment decisions.

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