On 9 June 2026, ENN Natural Gas Co., Ltd. disclosed that Morgan Stanley Capital Services LLC (MSCS)—a Class (5) associate connected with the offeror in the ongoing privatisation by scheme of arrangement—executed a series of matched derivative transactions linked to the company’s A-shares on 8 June 2026.

MSCS carried out unsolicited client-facilitation purchases referencing a total of 18,400 shares, split into 1,600 shares maturing on 26 February 2027 at RMB 19.0725 and 16,800 shares maturing on 31 August 2027 at RMB 19.0166. Aggregate purchase consideration amounted to RMB 0.35 million.

The firm simultaneously undertook equal and opposite sales on the same terms—1,600 shares at RMB 19.0725 and 16,800 shares at RMB 19.0166—also totalling RMB 0.35 million. Following these offsetting trades, MSCS’s resultant position in ENN Natural Gas derivatives stood at zero.

All dealings were executed for MSCS’s own account and were settled in Renminbi. The entity is ultimately owned by Morgan Stanley.

The disclosure was made under Rule 22 of the Hong Kong Code on Takeovers and Mergers as part of the formal reporting requirements during the privatisation process.