Morgan Stanley sells ENN Natural Gas shares amidst privatization

The Executive of the Securities and Futures Commission announced on November 17, 2025, a disclosure of securities dealings related to the privatization of ENN Natural Gas Co., Ltd. Morgan Stanley & Co., International plc, identified as a Class (5) associate connected with the offeror and ultimately owned by Morgan Stanley, executed a sale of ordinary shares.

On November 14, 2025, Morgan Stanley & Co., International plc sold 10,400 ordinary shares of ENN Natural Gas Co., Ltd. The total amount received from this sale was $211,607. The highest price at which shares were sold was $20.37, while the lowest price was $20.34.

These dealings were made for Morgan Stanley & Co., International plc's own account and represent hedging of Delta 1 products resulting from wholly unsolicited client-driven orders. The transactions involved A shares of ENN Natural Gas Co. Ltd. and were conducted in yuan.