On 26 January 2026, the Executive received a disclosure regarding securities dealings in ANE (Cayman) Inc. Pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, Morgan Stanley & Co. International plc reported that on 23 January 2026 it purchased 1,000 ordinary shares at a total amount of US$12,130. The highest and lowest prices paid were both US$12.13 per share, reflecting hedging of Delta 1 products created via wholly unsolicited client-driven orders.
Morgan Stanley & Co. International plc is a Class (5) associate connected with the Offeror and conducted the transactions on its own account. It is ultimately owned by Morgan Stanley.