12 June 2026—Morgan Stanley Capital Services LLC, classified as a Class (5) associate of the offeror, reported a series of derivative transactions linked to A-shares of ENN Natural Gas Co., Ltd. under Rule 22 of the Hong Kong Code on Takeovers and Mergers. The disclosure comes as ENN Natural Gas pursues privatisation via a scheme of arrangement.

On 11 June 2026, the firm executed ten unsolicited client-facilitation trades—five purchases and five mirror sales—covering a total of 500 A-shares across maturities ranging from 30 September 2026 to 30 November 2027. Purchase prices were tightly clustered between RMB 18.14 and RMB 18.22 per share, generating an aggregate outlay of roughly RMB 9.09 million. Corresponding sales, executed at identical prices and quantities, fully offset the positions, leaving Morgan Stanley Capital Services with a resultant balance of zero shares.

The transactions were made for Morgan Stanley Capital Services’ own account. The company is ultimately owned by Morgan Stanley and is connected to the offeror in the privatisation of ENN Natural Gas. All dealings were conducted in renminbi-denominated A-shares and form part of the required public disclosure during the ongoing takeover process.