ENN Natural Gas Co., Ltd. (600803) (“ENN-NG”), Xinneng (Hong Kong) Energy Investment Limited (“Offeror”), and ENN Energy Holdings Limited (“ENN”) jointly announced, pursuant to Rule 3.8 of the Hong Kong Code on Takeovers and Mergers, a repurchase and cancellation of certain ENN-NG restricted A shares. These shares were issued under two restricted share incentive schemes adopted by ENN-NG in 2021 and 2025. Reasons for the repurchase included performance factors, cessation of employment, and job position adjustments for certain grantees.
Following repurchase and cancellation procedures completed on January 19, 2026, the total share capital of ENN-NG was adjusted to 3,095,785,107 shares. The cancellation involved a total of 1,302,500 ENN-NG A shares. This change affects the number of relevant securities under the Takeovers Code, and relevant associates of the companies involved are reminded of their disclosure obligations under Rule 22 of the Code.
The announcement also reiterates that the Listing, the Proposal, and the ENN Share Option Offer are subject to the fulfillment or waiver of specified pre-conditions and conditions on or before the Scheme Long Stop Date. Shareholders and potential investors are advised to exercise caution when dealing in the securities of ENN-NG and ENN, as the Proposal and related processes may or may not be completed.
