On 17 October 2025, a public disclosure was made regarding dealings in A shares of ENN Natural Gas Co., Ltd. pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers. Morgan Stanley Bank, N.A., ultimately owned by Morgan Stanley and classified as a Class (5) associate connected with the Offeror, reported derivatives transactions carried out on 16 October 2025.

Morgan Stanley Bank, N.A. disclosed two sales under unsolicited client facilitation. The first involved 700 reference securities with a maturity date of 28 May 2027 at a reference price of RMB 18.4300, resulting in a total amount of RMB 12,901.00. The second transaction involved 1,700 reference securities with a maturity date of 30 December 2026 at a reference price of RMB 18.4506, totalling RMB 31,366.02. Both deals resulted in a zero balance in the relevant derivatives.

According to the disclosure, these dealings were made for Morgan Stanley Bank, N.A.’s own account and involved A shares of ENN Natural Gas Co., Ltd., carried out in RMB.