On 24 February 2026, a public disclosure form was released concerning a privatisation by way of scheme of arrangement and a disclosure of dealings in the shares of ENN Energy Holdings Limited under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

According to the document, Morgan Stanley & Co. International plc reported two transactions on 23 February 2026 involving ordinary shares of ENN Energy Holdings Limited. The first transaction involved the purchase of 398,400 shares at a total consideration of US$27.48 million, with the highest price at US$69.90 and the lowest at US$68.70. The second transaction entailed the sale of 800 shares at a total consideration of US$0.06 million, with the highest price at US$69.90 and the lowest at US$68.75.

Morgan Stanley & Co. International plc is identified as a Class (5) associate connected with the Offeror. The dealings were made for its own account, and Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley.