On 10 March 2026 the Executive, acting under Rule 22 of the Hong Kong Code on Takeovers and Mergers, released a dealing disclosure involving ENN ENERGY Holdings Limited (02688) in the context of its proposed privatisation by way of scheme of arrangement. The filing details a series of same-day buy and sell transactions in cash-settled equity derivatives undertaken by Morgan Stanley Capital Services LLC, identified as a Class (5) associate of the offeror.

From 9 March 2026 activity:

• Purchases: Morgan Stanley Capital Services executed eight “unsolicited client facilitation” purchases covering a total notional 39,700 reference shares of ENN ENERGY. Transaction prices ranged from HK$67.25 to HK$68.97 per share, resulting in an aggregate consideration of approximately HK$2.68 million.

• Sales: Eight mirror image sales were completed on the same terms—also totalling 39,700 reference shares and an aggregate consideration of roughly HK$2.68 million.

• Net Position: Because each purchase was offset by a corresponding sale, the resultant position of Morgan Stanley Capital Services in the relevant derivatives is zero.

All trades were booked for the firm’s own account, and no continuing economic exposure in ENN ENERGY shares arises from these matched transactions.