Morgan Stanley entity buys Bright Smart Securities shares amid potential offer

On December 16, 2025, Morgan Stanley & Co., International plc, a Class (5) associate connected with a potential offeror, purchased 20,000 ordinary shares of Bright Smart Securities & Commodities Group Limited. This transaction, made for its own account, totaled $151,040.00.

The dealings were explicitly stated as hedging activities for Delta 1 products, resulting from wholly unsolicited client-driven orders. The shares were acquired at prices ranging from a lowest of $7.51 to a highest of $7.63.

This disclosure was made public by 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.