Hong Kong’s Takeovers Executive has received notice that UBS AG, acting as an exempt principal trader in connection with ENN Natural Gas Co. Ltd. (ENN Natural Gas), executed multiple hedging transactions in the company’s A shares on 9 June 2026 under Rule 22 of the Hong Kong Code on Takeovers and Mergers. The dealings are linked to ENN Natural Gas’s proposed privatisation by way of scheme of arrangement.

On the trade date, UBS AG purchased a total of 585,800 A shares for RMB10.78 million and sold 269,700 A shares for RMB5.01 million. The resulting net purchase amounted to 316,100 A shares, representing net cash outflow of approximately RMB5.78 million.

Transaction prices ranged from a high of RMB19.05 to a low of RMB18.24 per share. All trades were carried out to hedge Delta 1 and other equity-related products created from wholly unsolicited, client-driven orders.

UBS AG, ultimately owned by UBS Group AG, confirmed that the transactions were conducted on its own account. The firm is classified as an exempt principal trader connected with the offeree company, ENN Natural Gas.