Disclosure of Dealings in ENN Energy Holdings Limited Shares

Key Highlights from the Latest Public Disclosure (17 April 2026)

• Date of Disclosure: 17 April 2026
• Context: Privatisation by way of scheme of arrangement for ENN Energy Holdings Limited.
• Disclosing Party: Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with the Offeror.
• Transaction Date: 16 April 2026
• Nature of Securities: Ordinary shares of ENN Energy Holdings Limited.
• Type of Dealing: Sale transaction for hedging of Delta 1 products, created as a result of wholly unsolicited client-driven orders.
• Volume and Value: 100 shares sold for a total amount of \$6,270.00.
• Price Details: Highest and lowest prices were both \$62.70 per share.
• Nature of Dealings: The dealings were made for Morgan Stanley & Co., International plc’s own account.
• Ownership: Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.

What Investors Need to Know

The disclosure is part of regulatory requirements under Rule 22 of the Hong Kong Code on Takeovers and Mergers, made in the context of a planned privatisation of ENN Energy Holdings Limited via a scheme of arrangement.

The transaction disclosed involves the sale of 100 ordinary shares of ENN Energy Holdings Limited at a price of \$62.70 per share, carried out by Morgan Stanley & Co., International plc. The sale was conducted as part of hedging activities for Delta 1 products, which were created in response to unsolicited, client-driven orders—not as a proprietary investment decision or an attempt to influence the share price.

Price-Sensitive Information: Given the small volume (100 shares) and the explanation that the sale was linked to hedging and not proprietary trading, the transaction itself is unlikely to have a material impact on the share price. However, the context—privatisation by scheme of arrangement—remains highly significant for shareholders. Any transactions or disclosures by connected parties, especially major financial institutions like Morgan Stanley, are closely monitored during such corporate actions, as they can sometimes signal underlying market sentiment or influence regulatory reviews.

Potential Impact on Shareholders and Share Price

• The reported transaction is very limited in size and was not instigated by Morgan Stanley for its own speculative interests, but rather as a result of client activity.
• No significant price movement should be expected solely from this transaction, but shareholders should remain attentive to further disclosures, especially as the privatisation process advances.
• The disclosed price of \$62.70 per share may serve as a reference point for investors evaluating the current trading range and any premium offered in the privatisation scheme.

Conclusion

While the disclosed transaction is unlikely to move the share price due to its small scale and nature, the ongoing privatisation process and any related market activity should be closely watched by investors. All connected party dealings are reportable and can provide insights into market and institutional sentiment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with professional advisors before making any investment decisions. The author and publisher are not responsible for any investment actions taken based on this article.

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