Bright Smart Securities & Commodities Group Limited (01428) today released a Public Disclosure Form dated 10 March 2026 detailing derivative dealings conducted on 9 March 2026 by Morgan Stanley & Co. International plc, a Class (5) associate connected with the potential offeror. The trades were executed for Morgan Stanley’s own account under the Hong Kong Code on Takeovers and Mergers (Rule 22).

Morgan Stanley entered into 14 unsolicited client-facilitation purchases referencing an aggregate 590,000 Bright Smart shares, resulting in total consideration of approximately HK$4.48 million. The largest single purchase involved 162,000 reference shares at a reference price of HK$7.6071, representing about HK$1.23 million.

On the same day, two unsolicited client-facilitation sales were recorded, covering 394,000 reference shares for total proceeds of roughly HK$2.98 million. The biggest sale comprised 298,000 reference shares at a reference price of HK$7.5485, amounting to about HK$2.25 million.

Across all transactions, reference prices ranged from HK$7.45 to HK$7.71, with derivative maturities spanning October 2026 to June 2030. Each trade closed with a resultant balance of zero, indicating no open derivative positions remaining from these dealings.

The disclosure confirms that Morgan Stanley & Co. International plc is ultimately owned by Morgan Stanley and reiterates its status as an associate of the potential offeror in the context of a possible mandatory general offer for Bright Smart.