Bright Smart Securities & Commodities Group Limited — M&A Activity 2026

Feb 4, 2026

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4 February 2026

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	Description of	Nature of dealings	Number of	Maturity date /	Reference	Total amount	Resultant
		relevant	products		reference	closing out	price	paid / received	balance
		securities			securities to	date			(including those
					which the				of any person
					derivatives				with whom there
					relate				is an agreement
									or
									understanding)
Morgan	3 February 2026	Derivatives	Other types of	Unsolicited client	2,000	12 January	\$8.6803	\$17,360.6280	0
Stanley &			products	facilitation - Sale		2028
Co.,		Derivatives	Other types of	Unsolicited client	2,000	5 November	\$8.5200	\$17,040.0000	0
International			products	facilitation -		2027
plc				Purchase
		Derivatives	Other types of	Unsolicited client	4,000	12 January	\$8.7802	\$35,120.8680	0
			products	facilitation - Sale		2028

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	Derivatives	Other types of	Unsolicited client	28,000	12 January	\$8.5243	\$238,680.3328	0
		products	facilitation - Sale		2028
	Derivatives	Other types of	Unsolicited client	174,000	30 November	\$8.6743	\$1,509,328.6541	0
		products	facilitation - Sale		2027
	Derivatives	Other types of	Unsolicited client	266,000	30 November	\$8.6104	\$2,290,353.7065	0
		products	facilitation - Sale		2027

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.