BRIGHT SMART: Morgan Stanley Reports Net Sale of 408,000 Derivative-Linked Shares in Possible Mandatory Offer Context

Bulletin Express04-22

Hong Kong, 22 April 2026 — Bright Smart Securities & Commodities Group Limited (Bright Smart) has received a Rule 22 disclosure indicating that Morgan Stanley & Co. International plc (MSCI), a Class (5) associate connected with the potential offeror, executed unsolicited client-facilitation trades in derivative products linked to Bright Smart shares on 21 April 2026.

Key transaction details • Purchases: MSCI bought 4,219 derivative-linked shares in two tranches maturing on 29 May 2026 and 28 June 2030 at reference prices of USD 12.0000 and USD 12.5168 respectively, for a combined consideration of USD 0.05 million.

• Sales: MSCI sold 408,000 derivative-linked shares in two tranches maturing on 21 October 2026 and 5 October 2026 at a reference price of USD 12.5704, generating total proceeds of USD 5.13 million.

• Resultant holding: Following the above dealings, MSCI and parties with whom it has agreements or understandings hold zero relevant securities in Bright Smart.

The disclosure was made as part of ongoing reporting requirements tied to a possible mandatory general offer for Bright Smart. All trades were executed for MSCI’s own account. No additional information on the offer timetable or terms was provided in the filing.

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