ENN Energy: Morgan Stanley discloses dealings amid privatization, option exercises

Morgan Stanley Bank, an associate connected with the offeror, disclosed a dealing in 23,600 shares of ENN Natural Gas Co., Ltd. on October 24, 2025. This transaction, a client facilitation-sale of derivatives, was made for its own account and generated a total of $435,401.93. Dealings were made in RMB. Morgan Stanley Bank is ultimately owned by Morgan Stanley.

This disclosure comes amidst the proposed privatization of ENN Energy by Xinneng (Hong Kong) Energy Investment Limited, announced on March 26, 2025. Concurrently, ENN Energy Holdings Limited updated its number of relevant securities, revealing that on October 27, 2025, 5,000 ENN Share Options were exercised under the 2012 Share Option Scheme, resulting in the issue of 5,000 new ENN Shares.

Following the option exercise, ENN Energy’s total relevant securities now comprise 1,131,339,275 ENN Shares in issue, 5,289,026 ENN Share Options, and 259,000 ENN Share Awards. Shareholders and potential investors are advised to exercise caution regarding dealings in the securities of ENN-NG and ENN Energy, as the proposal and option offer are subject to pre-conditions and may not proceed.