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

Nov 25, 2025

Public Disclosure Form

SECURITIES AND FUTURES COMMISSION
證券及期貨事務監察委員會

25 November 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 & Co., International plc	24 November 2025	Derivatives	Other types of products	Unsolicited client facilitation - Sale	16,000	20 June 2030	$7.1751	$114,802.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	22,000	28 June 2030	$7.2646	$159,821.9999	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	35,000	8 November 2027	$7.2387	$253,353.2260	0

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SFC
證監會
Public Disclosure Form

		Derivatives	Other types of products	Unsolicited client facilitation - Sale	86,000	8 November 2027	$7.2253	$621,379.9968	0

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.