Morgan Stanley details dealings in Bright Smart Securities shares

On September 2, 2025, Morgan Stanley & Co., International plc, an associate connected with the Offeror, disclosed its dealings in the shares of Bright Smart Securities & Commodities Group Limited. The firm purchased 612,000 ordinary shares for a total of $7,048,320.00, with prices ranging from a high of $11.8730 to a low of $11.5100. These transactions were related to hedging Delta 1 products from wholly unsolicited client-driven orders.

Concurrently, Morgan Stanley & Co., International plc also engaged in sales of ordinary shares. The firm sold 26,000 ordinary shares, generating $308,306.00, with prices between $11.7300 and $12.5000. These sales were also attributed to hedging Delta 1 products from unsolicited client orders. Additionally, 24,000 ordinary shares related to equity products were sold for $283,814.00, at prices ranging from $11.7700 to $11.9100.

All reported dealings were made for Morgan Stanley & Co., International plc's own account, and the entity is ultimately owned by Morgan Stanley. This disclosure was made under Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer.