ENN Energy Holdings considers privatization amidst H-share listing update

ENN Energy Holdings Limited is the subject of a conditional proposal for privatization and delisting, spearheaded by Xinneng (Hong Kong) Energy Investment Limited (the "Offeror") and ENN Natural Gas Co., Ltd. (ENN-NG). The proposal involves the Cancellation Consideration, which includes ENN-NG H Share Consideration, and ENN-NG's application for a listing by introduction of its H-Shares on the Main Board of the Hong Kong Stock Exchange.

As part of this process, a renewed application for ENN-NG's listing was submitted to the Hong Kong Stock Exchange on December 17, 2025. A redacted application proof of ENN-NG's listing document is now publicly available on the HKEX website. Investors are cautioned that this document is in draft form, incomplete, and subject to material changes, intended for informational purposes only.

The proposal's implementation, the scheme's effectiveness, and the listing's completion are contingent upon satisfying pre-conditions, including approval-in-principle from the Listing Committee of the Hong Kong Stock Exchange. Shareholders of ENN-NG and ENN, along with potential investors, are advised to exercise caution due to the uncertainties surrounding these processes.