On 9 February 2026, a public disclosure form was published regarding a proposed privatisation of ENN Natural Gas Co., Ltd. (ENN) by way of a scheme of arrangement. The submission, made to the Executive pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, provides details of certain transactions involving ENN’s shares.

Morgan Stanley Capital Services LLC reported dealings conducted on 6 February 2026, specifically in derivatives categorized as other types of products under unsolicited client facilitation. Two purchases were recorded, involving 106 and 3,300 reference securities with maturity dates of 31 March 2027 and 31 August 2027, at reference prices of $19.8111 and $19.7927, respectively. The total amounts paid were $2,099.9766 and $65,315.9991. Two sales of the same volumes and at the same prices on the same maturity dates were also disclosed, with each transaction resulting in a total amount received identical to the original purchase cost. The resultant balance after these transactions was listed as 0.

According to the announcement, Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeror and ultimately owned by Morgan Stanley. The reported dealings were made in A shares of ENN and settled in RMB. The disclosure confirms that these transactions were conducted for the entity’s own account.