Morgan Stanley discloses dealings in Bright Smart Securities derivatives

Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the Offeror, has disclosed multiple dealings in Bright Smart Securities & Commodities Group Limited shares. These transactions, made on October 20, 2025, involved derivative products. Specifically, 68,000 reference securities were related to derivatives with a maturity date of May 29, 2026, at a reference price of $9.8000, totaling $666,400.00. Additionally, 448,000 reference securities were associated with derivatives maturing on October 21, 2026, priced at $9.8205, amounting to $4,399,584.00.

Further dealings included 816,000 reference securities linked to derivatives with a maturity date of October 5, 2026, also at $9.8205, for a total of $8,013,528.00. All these transactions were described as "unsolicited client facilitation - purchase" and were made for Morgan Stanley's own account.

The disclosure notes that Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley. These dealings occurred under the framework of a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited, as regulated by Rule 22 of the Hong Kong Code on Takeovers and Mergers.