ENN Energy Holdings Limited made an offer to purchase the Notes for cash of up to the Tender Cap (as increased by the Company) under a modified Dutch auction procedure. The Tender Offer commenced on 8 November 2023 and expired at 5:00 p.m., New York City time, on 8 December 2023 (the "Expiration Date"). As of the Expiration Date, USD 211,538,000 in principal amount of the Notes had been tendered and not been withdrawn pursuant to the Tender Offer.

The Company accepted for purchase USD 200,000,000 in principal amount of the Notes (i.e., in the amount of the increased Tender Cap) that were validly tendered by the Early Participation Date for the Total Consideration of USD 831.82 per USD 1,000 principal amount of Notes. The early settlement of the Tender Offer took place on 28 November 2023. The Tender Offer expired at 5:00 p.m., New York City time, on 8 December 2023.

As of the Expiration Date, USD 211,538,000 in principal amount of the Notes had been tendered and not been withdrawn. The Company accepted for purchase USD 200,000,000 in principal amount of the Notes (i.e., in the amount of the increased Tender Cap) that were validly tendered by the Early Participation Date for the Total Consideration of USD 831.82 per USD 1,000 principal amount of Notes. Since the Tender Offer was oversubscribed with regards to the increased Tender Cap as of the Early Participation Date, no Notes tendered after the Early Participation Date were accepted.

The early settlement of the Tender Offer took place on 28 November 2023, at which time Holders whose Notes were validly tendered and accepted for purchase by the Company received the Total Consideration plus the Accrued Interest. After the early settlement of the Tender Offer on 28 November 2023, all the USD 200,000,000 in principal amount of the Notes validly tendered and accepted for purchase by the Company during this Tender Offer were retired and cancelled and no longer remain outstanding. Accordingly, the principal amount of the Notes currently outstanding is USD 550,000,000.