On 20 January 2026, a public disclosure form announced that Morgan Stanley Bank, N.A. disclosed dealings in A shares of ENN Natural Gas Co., Ltd. under a privatisation by way of a scheme of arrangement. The transaction was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Morgan Stanley Bank, N.A. purchased 42,100 derivatives referencing ENN Natural Gas Co., Ltd. on 19 January 2026, with a reference price of RMB19.5391 and a total amount of RMB822,594.9691. The maturity date for these derivatives is 19 January 2028, and after the transaction, the resultant balance was recorded as 0. According to the announcement, Morgan Stanley Bank, N.A. is a Class (5) associate connected with the Offeror, ultimately owned by Morgan Stanley, and these dealings were made for its own account.

