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

Nov 21, 2025

Public Disclosure Form

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

21 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 Capital Services LLC	20 November 2025	Derivatives	Other types of products	Unsolicited client facilitation - Sale	14,000	20 June 2030	$7.0971	$99,360.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	14,000	20 June 2030	$7.0971	$99,360.0000	0

End

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SFC 證監會

Public Disclosure Form

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.