On 3 March 2026, The Executive received a disclosure of dealings under the Hong Kong Code on Takeovers and Mergers, indicating that Morgan Stanley & Co., International plc engaged in multiple derivatives transactions involving Bright Smart Securities & Commodities Group Limited on 2 March 2026. According to the disclosure, the transactions included two purchases—36,000 shares at a reference price of US$8.29 (total payment US$298,440.00) and 114,000 shares at a reference price of US$8.247 (total payment US$940,159.22)—as well as three sales involving 4,000, 10,000, and 58,000 shares at reference prices ranging from US$8.21 to US$8.2344 for proceeds of US$32,840.00, US$82,280.00, and US$477,593.34 respectively. Each resultant balance was reported as zero, with varying maturity or closing-out dates from May 2026 to November 2027.

Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror, ultimately owned by Morgan Stanley, and the dealings were made for its own account. The announcement was filed in connection with a possible mandatory general offer for the shares of Bright Smart Securities & Commodities Group Limited.