Bright Smart: Morgan Stanley Disposes of 2,000 Shares at $12.20 Under Possible Mandatory Offer Disclosure

Bulletin Express04-13

Hong Kong’s Takeovers Executive announced on 13 April 2026 that it received a Rule 22 disclosure concerning Bright Smart Securities & Commodities Group Limited (“Bright Smart”).

On 10 April 2026, Morgan Stanley & Co., International plc—a Class (5) associate connected with the potential offeror—sold 2,000 ordinary Bright Smart shares. The trade, executed for hedging Delta-1 products generated by wholly unsolicited client-driven orders, was carried out on Morgan Stanley’s own account.

Key transaction data: • Volume: 2,000 shares • Consideration: $24,400.00 • Price range: highest $12.20, lowest $12.20 per share

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley. The filing forms part of the ongoing disclosures linked to a possible mandatory general offer for Bright Smart; no further offer details were provided.

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