On 21 January 2026, a disclosure was made regarding dealings in the shares of ENN Energy Holdings Limited under Rule 22 of the Hong Kong Code on Takeovers and Mergers. According to the announcement, Morgan Stanley & Co., International plc conducted transactions on 20 January 2026 in its capacity as a Class (5) associate connected with the Offeror.
Morgan Stanley & Co., International plc purchased 6,600 ordinary shares for a total amount of US$450,450. The highest and lowest prices paid were both US$68.25. On the same day, it sold 5,900 ordinary shares for a total amount of US$402,055, with a highest price of US$68.40 and a lowest price of US$67.55. These dealings were associated with hedging activity of Delta 1 products arising from wholly unsolicited client-driven orders.
The disclosure confirms that the transactions were made for the account of Morgan Stanley & Co., International plc, which is ultimately owned by Morgan Stanley.

