Bright Smart Securities & Commodities Group Limited: Possible Mandatory General Offer and Disclosure of Derivatives Dealings

Bulletin Express02-20

On 20 February 2026, the Executive received a disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers regarding transactions in the shares of Bright Smart Securities & Commodities Group Limited. According to the disclosure, Morgan Stanley & Co., International plc conducted three derivative purchases on 16 February 2026 under unsolicited client facilitation, referencing a total of 60,000 shares in Bright Smart Securities & Commodities Group Limited. The respective reference prices were US$9.20 and US$9.0676, with maturity dates on 29 May 2026 and 7 February 2028. Total amounts paid were approximately US$18,400.00, US$210,368.00, and US$315,552.00; the resultant balances for all transactions stood at zero.

Morgan Stanley & Co., International plc is a Class (5) associate connected with the offeror in a possible mandatory general offer for shares of Bright Smart Securities & Commodities Group Limited. These dealings were conducted for its own account. Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.

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