Morgan Stanley discloses ENN Natural Gas share dealings

On November 26, 2025, Morgan Stanley Bank, N.A. disclosed multiple dealings in the shares of ENN Natural Gas Co., Ltd., as part of a privatization via scheme of arrangement. These transactions, categorized as unsolicited client facilitation, involved derivatives relating to the company's A shares and were made for its own account.

The disclosed dealings include three "Sale" transactions and two "Purchase" transactions. The sales, occurring on November 25, 2025, involved 300 reference securities maturing on February 26, 2026, at a reference price of 20.7967 yuan; 700 reference securities maturing on April 28, 2026, at 20.7400 yuan; and 300 reference securities maturing on April 28, 2026, at 20.8017 yuan.

Additionally, two "Purchase" transactions were reported on November 25, 2025, both with a maturity date of February 26, 2026. One involved 300 reference securities at 20.8017 yuan, and the other involved 100 reference securities at 20.8000 yuan. Morgan Stanley Bank, N.A. is noted as a Class (5) associate connected with the Offeror and is ultimately owned by Morgan Stanley. All dealings were made in yuan.