ENN Natural Gas Co., Ltd. – Morgan Stanley Bank, N.A. Discloses Derivative Dealings

Bulletin Express12-04

On 4 December 2025, Morgan Stanley Bank, N.A., a Class (5) associate connected with the Offeror, disclosed several dealings in ENN Natural Gas Co., Ltd. under the Hong Kong Code on Takeovers and Mergers. According to the filing, three transactions were facilitated on 3 December 2025:

Morgan Stanley Bank, N.A. conducted an unsolicited client facilitation sale of 112,400 reference securities at a reference price of US$21.9726 each, maturing on 30 September 2027, for a total consideration of US$2,469,715.0999. The bank also undertook two unsolicited client facilitation purchases: one involving 75,000 reference securities at a reference price of US$21.9460 each, maturing on 14 May 2026, totaling US$1,645,951.8998; and another involving 100,800 reference securities at a reference price of US$21.9788 each, maturing on 22 March 2027, totaling US$2,215,464.1992.

Morgan Stanley Bank, N.A. is ultimately owned by Morgan Stanley. All transactions were executed for its own account.

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