ENN ENERGY (02688): Morgan Stanley Discloses Net Sale of 1,900 A Shares During Delta-1 Hedging Linked to Privatisation Scheme

Bulletin Express
Mar 10

Hong Kong, 10 March 2026—The Executive received a Rule 22 disclosure under the Hong Kong Code on Takeovers and Mergers concerning ENN Natural Gas Co., Ltd. (stock code: 02688, abbreviated as ENN ENERGY). The filing relates to the company’s proposed privatisation by way of a scheme of arrangement.

On 9 March 2026, Morgan Stanley & Co. International plc—classified as a Class (5) associate connected with the Offeror—executed the following A-share transactions, undertaken solely for its own account to hedge Delta-1 products generated from wholly unsolicited client-driven orders:

• Purchase: 300 shares for a total consideration of RMB 6,537.00, at prices ranging from RMB 21.70 (L) to RMB 21.89 (H) per share.

• Sale: 2,200 shares for a total consideration of RMB 48,207.00, at prices ranging from RMB 21.59 (L) to RMB 22.89 (H) per share.

The activity resulted in a net sale of 1,900 A shares. All dealings were settled in renminbi.

Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley. No other associate dealings were reported in the disclosure.

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