Detailed Transactions Disclosed

Morgan Stanley Capital Services LLC executed several transactions involving derivatives over ENN Energy Holdings Limited shares. The transactions, which occurred on 29 April 2026, consisted of both purchases and sales as part of unsolicited client facilitation. These transactions were all made for the firm’s own account.

Purchases

• 100 derivatives with a reference price of \$62.8310, maturing on 1 June 2027.
  Total paid: \$6,283.10.
• 300 derivatives with a reference price of \$62.5547, maturing on 13 November 2026.
  Total paid: \$18,766.4010.
• 600 derivatives with a reference price of \$62.6917, maturing on 30 July 2027.
  Total paid: \$37,615.0002.

Sales

• 100 derivatives with a reference price of \$62.8310, maturing on 1 June 2027.
  Total received: \$6,283.10.
• 300 derivatives with a reference price of \$62.5547, maturing on 13 November 2026.
  Total received: \$18,766.4010.
• 600 derivatives with a reference price of \$62.6917, maturing on 30 July 2027.
  Total received: \$37,615.0002.

Implications for Shareholders

• All transactions resulted in a net zero balance of reference securities for Morgan Stanley Capital Services LLC. This means that the firm’s purchases and sales of derivatives precisely offset each other, and there is currently no open position remaining from these specific trades.
• The disclosure is made in the context of the proposed privatisation of ENN Energy Holdings Limited via a scheme of arrangement. Any trading activity by parties closely connected with the Offeror, especially a well-known financial institution like Morgan Stanley, is likely to be closely watched by the market.
• The reference prices for these derivatives, all approximately \$62.55 to \$62.83, may be seen as indicative of recent market valuations or expectations for ENN Energy Holdings Limited’s share price under the proposed privatisation scheme.
• Shareholders should note that while these were unsolicited client facilitation transactions and not part of a proprietary position, such disclosures can signal market interest and trading activity around the stock, potentially impacting share price expectations amid the ongoing privatisation process.

Other Important Details

• Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley, a major international financial institution.
• All trades were made for the firm’s own account rather than on behalf of clients.

Conclusion

The disclosed dealings by Morgan Stanley Capital Services LLC in derivatives tied to ENN Energy Holdings Limited form part of the public record as required under Hong Kong’s Code on Takeovers and Mergers. While the transactions net to zero and do not represent a directional market view by Morgan Stanley, their timing and nature, in the context of a major corporate action such as privatisation, are important for shareholders to consider. Market participants may interpret these disclosures as an indication of activity and liquidity in the derivatives market related to ENN Energy, which could influence investor sentiment and potentially affect share price volatility as the privatisation process unfolds.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a professional advisor before making any investment decisions. The details provided are based on the official disclosure and do not reflect the author’s opinions on the future share price or corporate actions of ENN Energy Holdings Limited.

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