On 20 February 2026, ENN Energy (2688) provided disclosure detailing derivatives transactions by Morgan Stanley Capital Services LLC, in accordance with Rule 22 of the Hong Kong Code on Takeovers and Mergers. According to the filing, the entity conducted purchase and sale transactions of derivatives on 16 February 2026, with maturity dates ranging from 1 June 2027 to 31 December 2027. These trades included 632 units at US$69.09 per unit for a total of US$43,664.72, 1,600 units at US$68.71 per unit for US$109,929.92, and 1,700 units at US$68.70 per unit for US$116,797.60. The resultant balance for each set of transactions following both purchases and sales was recorded as 0.

Morgan Stanley Capital Services LLC is described in the announcement as a Class (5) associate connected with the offeror and is ultimately owned by Morgan Stanley. The report states that these dealings were arranged for its own account and took place under unsolicited client facilitation. No additional details were provided beyond the disclosed transaction figures.