Hong Kong’s Takeovers Executive disclosed that Morgan Stanley Capital Services LLC (MSCS), classified as a Class (5) associate of the offeror in the proposed privatisation of ENN Energy Holdings, executed a series of fully offsetting derivative transactions on 20 March 2026.

MSCS conducted four purchases and four corresponding sales linked to ENN Energy shares, all carried out for its own account under unsolicited client facilitation. Each purchase was immediately matched by a sale with identical volume, price and maturity profile, leaving MSCS with a resultant holding of zero shares.

• Transaction scale: 27,200 reference shares were both bought and sold through “other types of products” derivatives. • Total consideration: HK$1.79 million was paid for the purchases and an equivalent amount was received from the sales, resulting in a net cash position of zero. • Pricing: Reference prices ranged from HK$65.79 to HK$66.06 per share. • Tenors: The derivatives mature between 13 November 2026 and 31 December 2027.

The disclosure forms part of the ongoing reporting requirements under Rule 22 of the Hong Kong Code on Takeovers and Mergers as ENN Energy progresses toward privatisation via a scheme of arrangement.