On 2 March 2026, a disclosure was made regarding a possible mandatory general offer involving Bright Smart Securities & Commodities Group Limited. Morgan Stanley & Co. International plc, acting as a Class (5) associate connected with the Offeror, reported derivative dealings on 27 February 2026 for its own account.

According to the disclosure, Morgan Stanley & Co. International plc purchased 400 and 600 derivatives at a reference price of 8.51 dollars each, involving total amounts of 3,404.00 dollars and 5,106.00 dollars respectively. The firm also reported sales of 10,000 and 32,000 derivatives at reference prices of 8.60 dollars (rounded from 8.5960) and 8.61 dollars (rounded from 8.6050), for total amounts of 85,960.05 dollars and 275,360.00 dollars. The resultant balance for these transactions was reported as zero.

Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley and engaged in these transactions under unsolicited client facilitation. These dealings were disclosed pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers.