Bright Smart Securities: Mandatory general offer possible, dealings disclosed

According to a disclosure dated July 3, 2025, Morgan Stanley Capital Services LLC, connected to the Offeror, engaged in derivatives dealings related to Bright Smart Securities & Commodities Group Limited. The dealings, which took place on July 2, 2025, involved both purchase and sale transactions of "other types of products" linked to the reference securities. Specifically, unsolicited client facilitation resulted in the purchase of 4,000 securities with a maturity date of October 30, 2026, at a reference price of $8.4520, totaling USD 33,808.0000, and the sale of 4,000 securities with the same maturity date at the same reference price, also totaling USD 33,808.0000. Additionally, unsolicited client facilitation included the purchase of 4,000 securities maturing on June 28, 2030, at $8.5565, for USD 34,226.0000, and the sale of 4,000 securities with identical terms, also totaling USD 34,226.0000. Post-transactions, the resultant balance remains unchanged. These dealings have been disclosed under Rule 22 of the Hong Kong Code on Takeovers and Mergers.