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

Feb 13, 2026

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13 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	12 February	Derivatives	Other types of	Unsolicited client	26,000	29 May 2026	\$9.0100	\$234,260.0000	0
Stanley & Co.,	2026		products	facilitation -
International				Purchase
plc		Derivatives	Other types of	Unsolicited client	42,000	30 November	\$9.0504	\$380,117.1200	0
			products	facilitation -		2027
				Purchase
		Derivatives	Other types of	Unsolicited client	6,000	30 October 2026	\$9.0267	\$54,160.2000	0
			products	facilitation - Sale

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	Derivatives	Other types of	Unsolicited client	14,000	30 November	\$8.9970	\$125,958.0500	0
		products	facilitation - Sale		2027
	Derivatives	Other types of	Unsolicited client	30,000	30 November	\$8.9916	\$269,746.7799	0
		products	facilitation - Sale		2027
	Derivatives	Other types of	Unsolicited client	34,000	5 November	\$9.2647	\$315,000.0074	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.