Morgan Stanley entity deals in Bright Smart Securities shares

On September 9, 2025, a public disclosure form revealed that Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror, engaged in dealings in the shares of Bright Smart Securities & Commodities Group Limited. These dealings, made for its own account, were pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer is relevant.

The transactions, executed on September 8, 2025, involved both the purchase and sale of ordinary shares. Morgan Stanley & Co., International plc purchased 10,000 ordinary shares for a total amount of $113,806.0000. The highest price paid for these shares was $11.3900, while the lowest was $11.3700. Concurrently, the firm sold 142,000 ordinary shares, receiving a total of $1,629,026.0000. For these sales, the highest price received was $11.6700, and the lowest was $11.3600.

Both sets of dealings were described as hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.