Morgan Stanley discloses dealings in Bright Smart Securities derivatives

On November 10, 2025, Morgan Stanley & Co. International plc, an associate connected with the Offeror, disclosed its dealings in the shares of Bright Smart Securities & Commodities Group Limited. The transactions, made for its own account, involved derivatives.

The disclosed dealings include two types of unsolicited client facilitation. One transaction involved the sale of 4,000 reference securities through derivatives with a maturity date of May 29, 2026, at a reference price of $8.6300, resulting in $34,520.0000 received. The second transaction was the purchase of 104,000 reference securities through derivatives, maturing on April 17, 2030, at a reference price of $8.4940, totaling $883,379.9520 paid.

Both transactions resulted in a resultant balance of 0 for Morgan Stanley & Co. International plc. This disclosure was made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, in relation to a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited.