On 17 October 2025, a public disclosure form announced dealings in ENN Energy Holdings Limited’s ordinary shares in connection with a proposed privatisation under a scheme of arrangement.

Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, disclosed that on 16 October 2025 it purchased 17,100 ordinary shares for a total of US$1,135,678.80, with the highest price at US$67.35 and the lowest at US$66.10. It also sold 12,600 ordinary shares for a total of US$836,708.80, at a highest price of US$67.25 and a lowest of US$66.10. The dealings occurred as hedging for Delta 1 products arising from wholly unsolicited client-driven orders and were made for its own account. Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley.