On 2 March 2026, ENN Energy Holdings Limited announced a disclosure of dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in relation to the proposed privatisation of the company by way of a scheme of arrangement. According to the document, Morgan Stanley & Co. International plc, as a Class (5) associate connected with the Offeror, conducted a series of derivative transactions referencing the shares of ENN Energy Holdings Limited on 27 February 2026.

Morgan Stanley & Co. International plc purchased a total of 21,500 reference securities, with reference prices ranging from US$68.30 to US$68.80. The aggregate amount paid for these purchases was US$1.48 million. In the same series of dealings, a total of 31,400 reference securities were sold, with reference prices from US$68.55 to US$69.01, for a total of US$2.16 million. These transactions were made for Morgan Stanley & Co. International plc’s own account, and the company is ultimately owned by Morgan Stanley.