Morgan Stanley discloses dealings in Bright Smart Securities amid possible offer

Morgan Stanley & Co., International plc, a Class (5) associate connected with a potential offeror, disclosed recent dealings in Bright Smart Securities & Commodities Group Limited. On September 11, 2025, the firm engaged in both a purchase and a sale of ordinary shares.

The purchase involved 14,000 shares for a total amount of $167,120.00, with prices ranging from $11.95 to $11.91. Concurrently, a sale of 48,000 ordinary shares was executed, totaling $575,740.00, with prices between $12.25 and $11.82. Both transactions were described as hedging of Delta 1 products resulting from wholly unsolicited client-driven orders and were made for Morgan Stanley & Co., International plc's own account.

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley. These disclosures were made public pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in connection with a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited.