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

Feb 25, 2026

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25 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	24 February	Derivatives	Other types of	Unsolicited client	24,000	21 October	\$8.8803	\$213,127.2000	0
Stanley &	2026		products	facilitation -		2026
Co.,				Purchase
International		Derivatives	Other types of	Unsolicited client	52,000	5 October 2026	\$8.8803	\$461,775.6000	0
plc			products	facilitation -
				Purchase

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Derivatives	Other types of	Unsolicited client	64,000	7 February 2028	\$8.8734	\$567,897.6000	0
	products	facilitation -
		Purchase
Derivatives	Other types of	Unsolicited client	96,000	7 February 2028	\$8.8734	\$851,846.4000	0
	products	facilitation -
		Purchase
Derivatives	Other types of	Unsolicited client	2,000	30 October	\$8.8800	\$17,760.0000	0
	products	facilitation - Sale		2026
Derivatives	Other types of	Unsolicited client	4,000	29 October	\$8.9046	\$35,618.2520	0
	products	facilitation - Sale		2027
Derivatives	Other types of	Unsolicited client	8,000	12 January	\$8.9800	\$71,840.1680	0
	products	facilitation - Sale		2028
Derivatives	Other types of	Unsolicited client	28,000	30 September	\$8.9046	\$249,327.7640	0
	products	facilitation - Sale		2026
Derivatives	Other types of	Unsolicited client	334,000	30 September	\$8.8733	\$2,963,684.0003	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.