On 13 November 2025, The Executive received a disclosure of securities dealings related to the proposed privatisation of ENN Energy Holdings Limited by way of a scheme of arrangement. UBS AG, an exempt principal trader connected with ENN Energy Holdings Limited, reported transactions carried out on 12 November 2025.

UBS AG sold 13,400 ordinary shares for a total of US$958,849.998 at a price of US$71.556 per share. This sale was attributed to hedging of Delta 1 products created through wholly unsolicited client-driven orders. UBS AG then purchased 25,600 ordinary shares for a total of US$1,834,940.00, with the highest price paid at US$71.750 and the lowest at US$71.550, as part of closing or unwinding proprietary positions arising from unsolicited client-driven dealings. These transactions were undertaken for UBS AG’s own account and took place by the close of the morning trading session on the following trading day.