On 23 February 2026, ENN Energy Holdings Limited reported disclosures pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, detailing transactions conducted on 20 February 2026 by Morgan Stanley & Co., International plc (ultimately owned by Morgan Stanley). The disclosures form part of the ongoing privatisation by way of a scheme of arrangement.

Morgan Stanley & Co., International plc, acting as a Class (5) associate connected with the Offeror, reported multiple unsolicited client facilitation derivative transactions referencing ENN Energy Holdings Limited shares. Purchases involved a cumulative 381,600 underlying reference securities across various maturity dates, resulting in a total paid amount of US$26.32 million based on disclosed prices between US$68.80 and US$69.15. Meanwhile, sales totaled 11,700 reference securities with an aggregate received amount of US$0.81 million, executed at similar price levels.

All dealings were made for the account of Morgan Stanley & Co., International plc. Further adjustments or additional details beyond those stated were not provided in the announcement.