Morgan Stanley sells Bright Smart Securities shares amid takeover code disclosure

Morgan Stanley & Co., International plc, an associate connected with the offeror, disclosed dealings in Bright Smart Securities & Commodities Group Limited shares on October 20, 2025. The firm sold 70,000 ordinary shares on October 17, 2025, to hedge Delta 1 products from unsolicited client orders.

The total amount received from this sale was $725,640. The highest price at which shares were sold was $10.37, while the lowest price was $10.24. All dealings were conducted for Morgan Stanley & Co., International plc's own account.

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley. This disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited.