Morgan Stanley discloses derivatives dealings in Bright Smart Securities

On October 3, 2025, a public disclosure form indicated that Morgan Stanley & Co., International plc engaged in dealings involving Bright Smart Securities & Commodities Group Limited. These transactions were classified as unsolicited client facilitation sales of derivatives and occurred on October 2, 2025.

The disclosure detailed two separate derivative dealings. One transaction involved 122,000 reference securities with a maturity date of June 28, 2030, at a reference price of $8.9387, totaling $1,090,519.9994. The second dealing involved 46,000 reference securities with a maturity date of May 29, 2026, priced at $8.9900, amounting to $413,540.0000. Following these transactions, the resultant balance for both dealings was zero.

Morgan Stanley & Co., International plc is identified as a Class (5) associate connected with the Offeror, with dealings made for its own account. The entity is ultimately owned by Morgan Stanley. The disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in anticipation of a possible mandatory general offer for Bright Smart Securities & Commodities Group.