Morgan Stanley affiliate buys shares in Bright Smart

Morgan Stanley & Co., International plc, a Class (5) associate connected with the offeror, disclosed a purchase of 14,000 ordinary shares in Bright Smart Securities & Commodities Group Limited on November 20, 2025. The dealings were made for its own account.

The transaction involved a total amount of $99,360.0000 paid. The highest price paid per share was $7.1300, while the lowest price paid per share was $7.0600. These dealings were described as hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders.

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