On 2 February 2026, a public disclosure regarding the proposed privatisation by way of scheme of arrangement for ENN Energy Holdings Limited was released. According to the announcement, Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, disclosed multiple derivatives transactions on 30 January 2026 for its own account.

Four sales transactions were carried out, involving a total of 288,700 reference securities at prices ranging between $67.3500 and $67.7000, with settlement dates spanning from May 2026 to May 2033. The aggregate amount received for these sales was $19,445,025.42.

Separately, four purchase transactions were disclosed, involving a total of 37,500 reference securities, also in the same price range, and due to mature between November 2026 and September 2027. The total amount paid for these purchases was $2,521,368.6366.

Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley and is noted in the disclosure as having made these dealings as unsolicited client facilitation. The resultant balance after each transaction was reported to be zero.