Morgan Stanley discloses dealings in ENN Natural Gas shares ahead of privatization

On November 11, 2025, Morgan Stanley & Co., International plc, an associate connected with the Offeror, disclosed multiple dealings in the shares of ENN Natural Gas Co., Ltd. These transactions, made for its own account and executed as unsolicited client facilitation, occurred on November 10, 2025, as part of the company's privatization via a scheme of arrangement. The dealings involved A shares and were denominated in yuan.

The disclosed transactions included several purchases and sales of derivatives. A notable purchase involved 300,000 units with a maturity date of August 29, 2026, at a price of 20.1222 yuan, totaling 6,036,648.0000 yuan. Another significant purchase was for 8,100 units at 20.1146 yuan, amounting to 162,928.0008 yuan, with a maturity date of February 26, 2026.

Conversely, sales included 8,100 units at 20.1146 yuan, also totaling 162,928.0008 yuan, and another 300,000 units at 20.1222 yuan. Other transactions ranged from 100 units to 111,100 units, with prices generally around 20.1 to 20.14 yuan. All reported balances resulting from these dealings remained at zero.