Bright Smart Securities & Commodities Group Limited — M&A Activity 2025

Dec 8, 2025

Public Disclosure Form

SECURITIES AND

FUTURES COMMISSION

證券及期貨事務監察委員會

8 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 relevant securities	Description of products	Nature of dealings	Number of reference securities to which the derivatives relate	Maturity date / closing out date	Reference price	Total amount paid / received	Resultant balance (including those of any person with whom there is an agreement or understanding)
Morgan Stanley Capital Services LLC	5 December 2025	Derivatives	Other types of products	Unsolicited client facilitation - Sale	2,000	20 June 2030	$8.0650	$16,130.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	2,000	20 June 2030	$8.0650	$16,130.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	10,000	30 January 2026	$7.9560	$79,560.0000	0

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SFC

證監會

Public Disclosure Form

		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	10,000	30 January 2026	$7.9560	$79,560.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	18,000	28 June 2030	$7.8894	$142,009.9999	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	18,000	28 June 2030	$7.8894	$142,009.9999	0

End

Note:

Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeror.

Dealings were made for its own account.

Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley.