On 28 May 2026 the Executive received a Rule 22 disclosure under the Hong Kong Code on Takeovers and Mergers relating to the proposed privatisation of ENN Natural Gas Co., Ltd. by way of a scheme of arrangement.

Morgan Stanley & Co. International plc—a Class (5) associate connected with the offeror and ultimately owned by Morgan Stanley—reported that on 27 May 2026 it purchased 100 A shares of ENN Natural Gas. The trade, executed to hedge Delta 1 products created from wholly unsolicited client-driven orders, amounted to RMB 1,923.00 in total.

Both the highest and lowest prices paid were identical at RMB 19.23 per share, indicating a single-price transaction. No sales were recorded, and the dealings were executed for Morgan Stanley & Co. International plc’s own account.

The disclosure forms part of the ongoing monitoring process associated with the privatisation initiative for ENN Natural Gas.