ENN Energy's privatization advances with key share dealings

ENN Energy Holdings' (HKEX:2688) privatization via scheme of arrangement is progressing, evidenced by recent disclosures of share dealings. On April 10, 2025, CICC Financial Trading Limited engaged in transactions involving both the purchase and sale of 18,100 shares each of ENN Natural Gas Co. Ltd. The purchase was executed at an average price of approximately CNY19.8043 per share, totaling CNY358,458.1300, while the sale occurred at around CNY19.6600-CNY19.9000 per share, amounting to CNY358,704.0000. These transactions involved closing proprietary positions arising from unsolicited client-driven dealings. Also on April 10, YIN Ming, a Class 3 associate connected with the Offeror and the Offeree Company, purchased 200,000 shares at USD9.7900 each. This purchase brings YIN Ming's total holdings to 337,500 shares, representing 0.0109% of the class. These relevant shares were granted under a restricted share incentives scheme by ENN-NG to YIN Ming on April 10, 2025, at a per share grant price of RMB9.79. These dealings, including those made by CICC for its own account and YIN Ming, are subject to the Hong Kong Code on Takeovers and Mergers and reflect the ongoing actions related to the privatization.