Bright Smart Securities & Commodities Group Limited — Director's Dealing 2025

Dec 22, 2025

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Public Disclosure Form

22 December 2025

Possible mandatory general offer

Disclosure of dealings in the shares of Bright Smart Securities & Commodities Group Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description of	Nature of dealings	Purchase /	Total number	Total amount	Highest (H)	Lowest (L)
		relevant		Sale	of shares	paid / received	prices paid /	prices paid /
		securities			involved		received	received
Morgan	19 December	Ordinary	Hedging of Delta 1 products created as a result of	Purchase	10,000	$79,848.0000	$8.1910	$7.7290
Stanley & Co.,	2025	shares	wholly unsolicited client-driven orders
International		Ordinary	Hedging of Delta 1 products created as a result of	Sale	298,000	$2,390,728.0000	$8.2800	$7.7000
plc		shares	wholly unsolicited client-driven orders

End

Note:

Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror. Dealings were made for its own account.

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.