Bright Smart Securities & Commodities Group Limited: Possible Mandatory General Offer Disclosure

Bulletin Express02-24

On 24 February 2026, a disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers was filed regarding dealings in the shares of Bright Smart Securities & Commodities Group Limited in connection with a possible mandatory general offer.

Morgan Stanley Capital Services LLC reported derivative transactions dated 23 February 2026. Two purchases were executed, each referencing 2,000 and 10,000 relevant securities at a reference price of US$9.12, with maturities on 29 October 2027 and 30 September 2026, respectively. The total amounts paid were US$18,230.79 for 2,000 securities and US$91,153.95 for 10,000 securities.

On the same day, two sales for identical volumes of 2,000 and 10,000 relevant securities took place at the same price and maturities, each involving amounts of US$18,230.79 and US$91,153.95. The resultant balance for these transactions was reported as zero.

Morgan Stanley Capital Services LLC is a Class (5) associate connected with the Offeror and conducted these dealings for its own account. The entity is ultimately owned by Morgan Stanley.

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