2026 年 3 月 17 日 透過協議安排進行私有化 就新奧天然氣股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | 有關證券的 | 產品說明 | 交易性質 | | 與衍生工具 | 到期日或清結日 | | 參考價 | 已支付／已收 | 交易後數額（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 說明 | | | | 有關的參照 證券數目 | | | | 取的總金額 | 與其訂有協議或 達成諒解的任何 | | | | | | | | | | | | | | 人士的證券） | | Morgan Stanley | 2026 | 年 3 月 | 衍生工具 | 其他類別產品 | 客戶主動利便客戶 | ─ 賣出 | 100 | 2026 | 年 4 月 28 日 | $22.9620 | $2,296.2000 | 0 | | & Co., | 16 日 | | 衍生工具 | 其他類別產品 | ...

2026 年 3 月 17 日 透過協議安排進行私有化 就新奧能源控股有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說明 | 產品說明 | 交易性質 | | 與衍生工具 | 到期日或清結日 | 參考價 | 已支付／已收取 | 交易後數額（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 有關的參照 | | | 的總金額 | 與其訂有協議或 | | | | | | | | | | 證券數目 | | | | 達成諒解的任何 | | | | | | | | | | | | | | 人士的證券） | | Morgan Stanley | 2026 | 年 3 | 月 | 衍生工具 | 其他類別產品 | 客戶主動利便客戶 | ─ | 100 | 2027 年 9 月 2 日 | $67.0000 | $6,700.0000 | 0 | | & Co., | 16 ...

2026 年 3 月 17 日 透過協議安排進行私有化 就新奧天然氣股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | | 有關證券 | 交易性質 | | 買入／賣出 | 涉及的股份 | 已支付／已收取 | 已支付或已收 | 已支付或已收 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 的說明 | | | | 總數 | 的總金額 | 取的最高價 | 取的最低價 | | | | | | | | | | | | | | （H） | （L） | | | 中國國際金融 | 2026 | 年 3 | 月 16 | 日 | 普通股 | 建立新的追蹤指數 | ETF，當中相關證券佔已發行的該 | 買入 | 23,100 | $527,677.0000 | $22.9873 | | $22.5400 | | 股份有限公司 | | | | | | 類別證券少於 | 1%及同時佔該一 ...

Investment Rating - The report maintains a positive outlook on the public utility and environmental protection sectors, indicating a favorable investment environment for these industries [1]. Core Insights - The report highlights the implementation of the "14th Five-Year Plan" focusing on the construction of a new energy system, emphasizing the integration of various energy sources such as wind, solar, hydro, and nuclear power [3][6]. - It notes the recent slight decline in global gas prices due to geopolitical tensions affecting LNG supply, particularly from Qatar, while also mentioning the stable domestic supply in the U.S. [14][20]. - The report provides specific investment recommendations across various sectors, including thermal power, hydropower, nuclear power, green energy, and gas companies, reflecting a diversified approach to energy investments [12][34]. Summary by Sections 1. Electricity - The "14th Five-Year Plan" emphasizes the construction of a new energy system, promoting non-fossil energy sources and setting ambitious installation targets for nuclear, offshore wind, and pumped storage by 2030 [3][7]. - The plan aims to enhance the efficiency and resilience of the power system, optimize energy flow, and accelerate the development of smart grids and new energy storage solutions [6][8]. 2. Gas - The report discusses the impact of ongoing Middle Eastern tensions on global gas prices, with specific price data indicating fluctuations in various markets, including a 10.27% increase in U.S. Henry Hub spot prices [14][15]. - It highlights the current state of LNG prices in Northeast Asia, which have decreased by 13.33% recently, while also noting the overall supply constraints due to geopolitical factors [28][32]. 3. Weekly Market Review - The public utility, electricity, and environmental sectors outperformed the Shanghai and Shenzhen 300 index during the reporting period, while the gas sector lagged behind [36]. 4. Company and Industry Dynamics - The report mentions recent developments in energy safety and the approval of new energy storage projects in Inner Mongolia, indicating ongoing investments in energy infrastructure [39][42]. - It also highlights significant projects such as the completion of the first unit of the "Hualong One" nuclear power plant in Zhejiang, marking a milestone in China's nuclear energy development [45][46].

Investment Rating - The report maintains a positive outlook on the energy sector, particularly in the context of the new energy system construction outlined in the 14th Five-Year Plan [3][7]. Core Insights - The 14th Five-Year Plan emphasizes the construction of a new energy system, promoting a multi-energy approach including wind, solar, hydro, and nuclear power, with specific capacity targets set for 2025 and 2030 [3][8]. - Natural gas prices have shown slight declines due to easing panic premiums and geopolitical tensions affecting supply, with various price metrics reflecting this trend [16][22]. - The report identifies several investment opportunities across different energy sectors, including thermal power, hydropower, nuclear power, green energy, and natural gas [13][36]. Summary by Sections 1. Electricity - The 14th Five-Year Plan outlines a comprehensive strategy for carbon emission control and the development of a new energy infrastructure, focusing on the integration of various energy sources [3][7]. - Specific targets for nuclear power, offshore wind, and pumped storage have been established, aiming for significant capacity increases by 2030 [8][9]. 2. Natural Gas - Ongoing geopolitical tensions have impacted LNG supply from Qatar, leading to fluctuations in global gas prices, with recent data showing a decrease in prices across various markets [16][22]. - The report highlights the importance of U.S. domestic supply and demand dynamics, noting that the U.S. has reached its LNG export capacity limit, which contributes to price stability [16][30]. 3. Weekly Market Review - The report indicates that the utility, electricity, and environmental sectors have outperformed the Shanghai and Shenzhen 300 index, while the gas sector has underperformed [39]. 4. Company and Industry Dynamics - Recent developments include the approval of new energy projects and the establishment of safety protocols in energy production, emphasizing the importance of safety in the energy sector [42][45]. - The report mentions significant projects in renewable energy, including the construction of large-scale wind and solar facilities, which are expected to contribute to the energy transition [46][48].

2026 年 3 月 16 日 透過協議安排進行私有化 就新奧能源控股有限公司的股份的交易披露 完 註： Morgan Stanley & Co., International plc 是與要約人有關連的第(5)類別聯繫人。 交易是為本身帳戶進行的。 Morgan Stanley & Co., International plc 是最終由摩根士丹利擁有的公司。 交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | | 有關證券的說 | 交易性質 | 買入／賣出 | 涉及的股份 | 已支付／已收取 | 已支付或已收 | 已支付或已收 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 明 | | | 總數 | 的總金額 | 取的最高價 | 取的最低價 | | | | | | | | | | | （H） | （L） | | Morgan Stanley | 2026 | 年 | 3 月 | 普通股 | 因全屬客戶主動發出且由客戶需求帶動的買 ...

| 交易方 | 日期 | | | | | 買入／賣出 | 股份數目 | | 每股價格 | | 交易後數額（包括與其訂 | 佔該類別證券的百分比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | 有協議或達成諒解的任 | （包括與其訂有協議或 | | | | | | | | | | | | | | 何人士的證券） | 達成諒解的任何人士的 | | | | | | | | | | | | | | | 證券）% | | | BlackRock, Inc. | 2026 | 年 | 3 月 | 12 | 日 | 買入 | | 5 | | $67.8500 | 66,384,744 | | 5.8652% | | | | | | | | 賣出 | | 1,663,075 | | $67.8500 | 64,721,669 | | 5.7183% | 完 註： 2026 年 3 月 13 日 透過協議安排進行私有化 就新奧能源控股有限公司的股份的 ...

2026 年 3 月 16 日 透過協議安排進行私有化 就新奧能源控股有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | 有關證券的說 | 產品說明 | 交易性質 | 與衍生工具 | | 到期日或清結日 | 參考價 | 已支付／已收取 | 交易後數額（包括 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 明 | | | 有關的參照 | | | | 的總金額 | 與其訂有協議或 | | | | | | | 證券數目 | | | | | 達成諒解的任何 | | | | | | | | | | | | 人士的證券） | | Morgan | 2026 年 3 月 13 日 | 衍生工具 | 其他類別產品 | 客戶主動利便客戶 | ─ | 3,300 | 2027 年 9 月 2 日 | $68.0591 | $224,595.0300 | 0 | | Stanley | | | | 買入 | | | | | | | | Capita ...

完 註： 2026 年 3 月 16 日 透過協議安排進行私有化 就新奧天然氣股份有限公司的股份的交易披露 執行人員接獲依據香港《公司收購及合併守則》規則 22 作出以下的證券交易的披露： | 交易方 | 日期 | | 有關證券的說 | 交易性質 | 買入／賣出 | 涉及的股份總 | 已支付／已收 | 已支付或已收 | 已支付或已收 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 明 | | | 數 | 取的總金額 | 取的最高價 | 取的最低價 | | | | | | | | | | | （H） | （L） | | | Morgan Stanley & | 2026 | 年 3 月 | 普通股 | 因全屬客戶主動發出且由客戶需求帶動的買賣盤所 | 買入 | 1,499 | $33,865.8850 | $22.7000 | | $22.4900 | | Co., International | 13 日 | | | 產生的 Delta 1 產品的對沖活動 | | | | | | | | plc | ...

交易披露 | 交易方 | 日期 | | | | 買入／賣 | 股份數目 | | 每股價格 | | 交易後數額（包括與其訂 | 佔該類別證券的百分比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 出 | | | | | 有協議或達成諒解的任 | （包括與其訂有協議或 | | | | | | | | | | | | 何人士的證券） | 達成諒解的任何人士的 | | | | | | | | | | | | | 證券）% | | BlackRock, Inc. | 2026 | 年 3 | 月 | 13 日 | 賣出 | | 93,600 | | $67.9037 | 64,628,069 | 5.7100% | | | | | | | 賣出 | | 26,800 | | $68.1463 | 64,601,269 | 5.7076% | | | | | | | 買入 | | 7,800 | | $67.9000 | 64,609,069 | 5.7083% | | | | | | | 賣 ...