On 12 November 2025, ENN Natural Gas Co., Ltd. announced the receipt of a disclosure from Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, concerning dealings in the company’s A shares. According to the disclosure, the transactions took place on 11 November 2025 and involved purchases and sales stemming from hedging of Delta 1 products under wholly unsolicited client-driven orders.
Morgan Stanley & Co., International plc purchased 121,400 ordinary shares for a total of RMB 2,468,231, with the highest paid price at RMB 20.47 and the lowest at RMB 20.13. The same day, it sold 700 shares for RMB 14,066, with the highest received price at RMB 20.10 and the lowest at RMB 20.09. The dealings were made for its own account, and Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.