Morgan Stanley affiliate buys ENN Natural Gas shares amid privatization

On September 29, 2025, the Executive received a disclosure regarding securities dealings in ENN Natural Gas Co., Ltd., related to its privatization scheme of arrangement. Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, reported a purchase of 93,200 ordinary shares on September 26, 2025, executed for its own account.

The total amount paid for these shares was $1,689,401. The purchase prices ranged from a low of $17.96 to a high of $18.20 per share. These transactions involved hedging of Delta 1 products resulting from wholly unsolicited client-driven orders.

All reported dealings involved A shares of ENN Natural Gas Co., Ltd. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.