ENN Natural Gas Co. Ltd. – Privatisation by Scheme of Arrangement: Disclosure of Dealings

Bulletin Express01-23 17:04

On 23 January 2026, a public disclosure form detailed securities dealings by UBS AG in the A shares of ENN Natural Gas Co. Ltd. under Rule 22 of the Hong Kong Code on Takeovers and Mergers, in relation to the company’s proposed privatisation by way of a scheme of arrangement.

UBS AG, an exempt principal trader connected with ENN Natural Gas Co. Ltd., reported several purchases and sales on 22 January 2026 for its own account, primarily linked to hedging Delta 1 products following unsolicited client orders. Across the purchases, a total of approximately 730,200 shares changed hands, with aggregate payments around RMB 14.67 million. The highest purchase price was near RMB 20.20, while the lowest was around RMB 19.76. Meanwhile, total sales reached about 911,850 shares for roughly RMB 18.34 million in proceeds, at prices ranging up to RMB 20.26 and as low as about RMB 19.76.

Additionally, UBS AG also conducted limited transactions involving a derivative referenced to a basket of securities. These dealings involved trading a small number of A shares of ENN Natural Gas Co. Ltd., representing less than 1% of the class in issue and less than 20% of the basket’s value.

ENN Natural Gas Co. Ltd. remains the offeree in the ongoing privatisation process. According to the filing, UBS AG is ultimately owned by UBS Group AG, and all transactions were settled in RMB.

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