Morgan Stanley Entity Approved As Bright Smart Substantial Shareholder

Wealthiness and Prosperity Holding Limited and Bright Smart Securities & Commodities Group Limited announced a monthly update regarding the potential unconditional mandatory cash offer. On September 23, 2025, the offeror received approval from the Securities and Futures Commission (SFC) for the offeror and other relevant parties to become substantial shareholders of Regulated Group Companies, including Bright Smart Futures & Commodities Company Limited and Bright Smart Securities International (H.K.) Limited. This satisfies Completion Condition (b), with the approval remaining effective for six months, or a further period as agreed by the SFC.

The offeror is actively engaged with the National Development and Reform Commission of the PRC (NDRC) regarding Completion Condition (c), submitting necessary reporting materials. Procedures related to the acquisition with the NDRC are progressing as planned, and both the offeror and the company continue to work towards satisfying the remaining Completion Conditions.

As of the announcement date, other Completion Conditions have not yet been satisfied or waived. Shareholders are reminded that the offer is contingent on Completion, which may or may not occur, and are advised to consult the Composite Document and professional advisers before making any decisions.