Morgan Stanley sells ENN Natural Gas shares amid privatization process

On September 4, 2025, the Executive received a disclosure of securities dealings related to the privatization of ENN Natural Gas Co., Ltd. Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, reported a sale of 1,000 ordinary shares on September 3, 2025. This transaction was executed for its own account and involved hedging of Delta 1 products from client-driven orders.

The total amount received from the sale was $18,706.0000. The highest price per share was $18.7200, while the lowest was $18.5800. These dealings were in A shares of ENN Natural Gas Co. Ltd. and were made in RMB.

Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley. The disclosure highlights recent trading activity by an associate in the context of the company's privatization by way of a scheme of arrangement, as per Rule 22 of the Hong Kong Code on Takeovers and Mergers.