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

May 8, 2025

SECURITIES AND

FUTURES COMMISSION

證券及期貨事務監察委員會

Public Disclosure Form

8 May 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	7 May 2025	Derivatives	Other types of products	Unsolicited client facilitation - Purchase	2,000	28 November 2025	$8.0400	$16,080.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	2,000	28 November 2025	$8.0400	$16,080.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	104,000	29 November 2029	$8.1538	$847,999.9996	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	104,000	29 November 2029	$8.1538	$847,999.9996	0

---

SFC

證監會

Public Disclosure Form

		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	186,000	31 May 2028	$7.5432	$1,403,040.0007	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	186,000	31 May 2028	$7.5432	$1,403,040.0007	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	205,840	2 July 2025	$8.2546	$1,699,134.7991	0
		Derivatives	Other types of products	Unsolicited client facilitation - Sale	205,840	2 July 2025	$8.2546	$1,699,134.7991	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.