ENN Energy privatization: Associate exercises share options, receives HK$806,800

ENN Energy Holdings Limited announced that on October 15, 2025, 11,000 ENN Share Options from its 2012 scheme were exercised. Following this, the company's relevant securities now include 1,131,316,275 ENN Shares in issue, 5,312,026 ENN Share Options, and 259,000 ENN Share Awards. This update is part of the ongoing pre-conditional proposal by Xinneng (Hong Kong) Energy Investment Limited to privatize ENN Energy via a scheme of arrangement.

In a related disclosure of dealings, Wu Xiaojing, a Class (3) associate connected with both the Offeree company (ENN Energy) and the Offeror, exercised 20,000 share options. This transaction was settled in cash by the scheme administrator. Wu Xiaojing received HK$806,800 based on an exercise price of HK$40.34 per ordinary share and a selling price of HK$68.00 per ordinary share. The dealings were made for her own account.

Shareholders and potential investors are advised to exercise caution as the proposal and share option offer remain subject to pre-conditions and may not be implemented. The ENN Energy Board reiterated its full responsibility for the accuracy of information contained in these announcements.