On 22 October 2025, a disclosure was made under Rule 22 of the Hong Kong Code on Takeovers and Mergers regarding ENN Natural Gas Co., Ltd. The filing details derivatives transactions conducted by Morgan Stanley Capital Services LLC (ultimately owned by Morgan Stanley), which is classified as a Class (5) associate connected with the offeror. All dealings were carried out for its own account and involved A shares, settled in RMB.

According to the disclosure, on 21 October 2025, Morgan Stanley Capital Services LLC facilitated both a purchase and a sale of 71,300 relevant securities, each at a reference price of RMB18.4360 and scheduled to mature on 9 November 2026. The total amount paid and received for each transaction was RMB1,314,488.0121, leading to a resultant balance of 0 securities under this arrangement.