On 21 January 2026, details were released concerning the privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement. The Executive received a disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.
According to the information provided, Morgan Stanley & Co. International plc carried out hedging of Delta 1 products on 20 January 2026. Transactions included the purchase of 8,200 ordinary shares of ENN Natural Gas Co., Ltd. at a total of US$163,292.90, with the highest price at US$20.00 and the lowest price at US$19.74. Additionally, Morgan Stanley & Co. International plc sold 100 shares for US$1,988.00 at a price of US$19.88, and sold another 3,200 shares for US$63,516.90, with a highest sale price of US$19.93 and a lowest sale price of US$19.761.
Morgan Stanley & Co. International plc is a Class (5) associate connected with the Offeror, ultimately owned by Morgan Stanley, and these dealings were executed for its own account. The transactions took place in A shares of ENN Natural Gas Co., Ltd. and were denominated in RMB.

