Morgan Stanley discloses dealings in Bright Smart Securities shares

On September 18, 2025, Morgan Stanley & Co. International plc, a Class (5) associate connected with the Offeror, disclosed its dealings in the shares of Bright Smart Securities & Commodities Group Limited. These transactions were made for Morgan Stanley & Co. International plc's own account and are ultimately owned by Morgan Stanley. The disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in the context of a possible mandatory general offer.

The reported dealings on September 17, 2025, involved hedging of Delta 1 products created as a result of unsolicited client-driven orders. Specifically, Morgan Stanley & Co. International plc purchased 86,000 ordinary shares for a total amount of $888,380.00. The highest and lowest prices paid for these purchases were both $10.33.

Additionally, the firm sold 6,000 ordinary shares for a total of $64,640.00. For these sales, the highest price received was $11.00, and the lowest price received was $10.32.