Morgan Stanley discloses ENN Natural Gas share dealings amid privatization

A disclosure of securities dealings from Morgan Stanley Bank, N.A. was received on September 16, 2025, concerning ENN Natural Gas Co., Ltd. The dealings, made for its own account, were unsolicited client facilitation sales of derivatives referencing A shares. Morgan Stanley Bank, N.A. is identified as a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley.

The transactions involved three separate dealings with varying maturities. One derivative, referencing 13,200 securities, had a maturity date of January 29, 2026, and a reference price of RMB18.8266, totaling RMB248,511.0012. Another transaction, referencing 500 securities, had a maturity date of July 24, 2028, with a reference price of RMB18.7900, totaling RMB9,395.0000.

The final disclosed dealing referenced 6,800 securities, with a maturity date of November 24, 2025, and a reference price of RMB18.8616, amounting to RMB128,259.0000. All resultant balances for these dealings were zero.