On 15 June 2026, the Executive received a Rule 22 disclosure under the Hong Kong Code on Takeovers and Mergers in connection with the proposed privatisation of ENN Energy Holdings Limited.
UBS AG, classified as an exempt principal trader connected with the offeree, reported Delta 1 hedging transactions executed on 12 June 2026 that were entirely driven by unsolicited client orders.
Transaction details: • Purchases: 73,000 ENN Energy ordinary shares for a total consideration of approximately $3.54 million, at prices ranging from $48.3369 to $48.7667 per share. • Sales: 1,900 ENN Energy ordinary shares for approximately $0.09 million, executed at $48.6242 per share.
After netting the two legs, UBS AG added 71,100 shares to its position, representing a net cash outflow of roughly $3.44 million.
The transactions were conducted for UBS AG’s own account. UBS AG is ultimately owned by UBS Group AG.