Bright Smart Securities: Morgan Stanley Logs HK$1.54 Million Derivative Sale Under Possible Mandatory General Offer

Bulletin Express04-24

24 April 2026 – The Executive, under Rule 22 of the Hong Kong Code on Takeovers and Mergers, received a disclosure of dealings linked to the possible mandatory general offer for Bright Smart Securities & Commodities Group Limited.

Morgan Stanley & Co. International plc, identified as a Class (5) associate connected with the potential offeror, reported four unsolicited client-facilitation transactions in derivatives referenced to Bright Smart Securities on 23 April 2026. All trades were conducted for the firm’s own account and resulted in a nil closing position.

Key transaction details • Purchases: – 1,781 reference shares at HK$12.88 each, consideration HK$22,939.28 – 2,000 reference shares at HK$12.86 each, consideration HK$25,720.00 – 2,000 reference shares at HK$13.10 each, consideration HK$26,200.00 Cumulative purchase outlay: HK$0.07 million

• Sale: – 120,000 reference shares at HK$12.82 each, proceeds HK$1.54 million

Derivative maturities fall on 29 May 2026 and 28 June 2030, as specified in the filing.

Following these transactions, Morgan Stanley & Co. International plc reported a resultant balance of zero in Bright Smart-linked derivatives.

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