On 22 October 2025, a disclosure of dealings concerning ENN Energy Holdings Limited was released, noting that Morgan Stanley Capital Services LLC, a Class (5) associate connected with the Offeror, executed several unsolicited client facilitation transactions on 21 October 2025. These dealings involved purchases and sales of derivative products tied to the shares of ENN Energy Holdings Limited.

According to the disclosure, the transactions covered multiple batches of reference securities with maturity dates ranging from January 2026 to June 2027. Each purchase closely mirrored a corresponding sale at the same reference price within the same batch, resulting in a zero net balance. Transaction sizes spanned from 62 reference securities to 7,300 reference securities per batch, at reference prices between US$67.15 and US$67.80, with total amounts ranging from US$4,188.09 to US$490,195.00 per transaction.

Morgan Stanley Capital Services LLC conducted these activities for its own account and is ultimately owned by Morgan Stanley.