Bright Smart Securities & Commodities Group Limited: Disclosure of Derivative Dealings by Morgan Stanley Capital Services LLC

Bulletin Express12-02

On 2 December 2025, the Executive received a disclosure of securities dealings under Rule 22 of the Hong Kong Code on Takeovers and Mergers related to a possible mandatory general offer for Bright Smart Securities & Commodities Group Limited. According to the filing, Morgan Stanley Capital Services LLC, a Class (5) associate connected with the Offeror, reported multiple unsolicited client facilitation transactions on 1 December 2025 involving derivatives referenced to the shares of Bright Smart Securities & Commodities Group Limited.

The disclosed dealings covered a series of sales and purchases in quantities of 2,000, 10,000, and 26,000 reference securities. The reference prices ranged from HK$7.3500 to HK$7.4600, with maturity dates extending from 30 January 2026 to 20 June 2030. Payments and receipts ranged from HK$14,700.0000 to HK$193,960.0000, and all resultant balances were reported as zero. Morgan Stanley Capital Services LLC is ultimately owned by Morgan Stanley and confirmed that these transactions were conducted for its own account.

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