Hong Kong, 9 March 2026 — The Takeovers Executive has released a Rule 22 disclosure detailing transactions in the shares of Bright Smart Securities & Commodities Group Limited (stock code: 01428) amid a possible mandatory general offer.

On 6 March 2026, Morgan Stanley Capital Services LLC (MSCS), identified as a Class (5) associate connected with the potential offeror, executed a series of unsolicited client-facilitation dealings in derivatives linked to Bright Smart shares:

• Purchases: MSCS acquired a total of 452,000 reference securities through six derivative positions with maturities ranging from 30 October 2026 to 20 June 2030. The aggregate consideration paid was approximately USD 3.44 million, reflecting a weighted average reference price of USD 7.62 per share. Transaction prices ranged between USD 7.59 and USD 7.70.

• Sales: On the same day and for the same maturities, MSCS disposed of an identical 452,000 reference securities, realising proceeds of roughly USD 3.44 million at the corresponding prices.

As the purchase and sale quantities matched exactly, MSCS ended the day with a resultant net balance of zero shares referenced to Bright Smart. All trades were conducted for MSCS’s own account.

The disclosure forms part of ongoing monitoring by the Securities and Futures Commission under the Hong Kong Code on Takeovers and Mergers during the period in which a possible mandatory general offer for Bright Smart is being considered.