On 9 February 2026, the Executive received disclosure of dealings in the shares of Bright Smart Securities & Commodities Group Limited under Rule 22 of the Hong Kong Code on Takeovers and Mergers. The transactions involved Morgan Stanley & Co., International plc on 6 February 2026, reflecting hedging activities for Delta 1 products arising from wholly unsolicited client-driven orders.
Morgan Stanley & Co., International plc purchased 182,000 Bright Smart Securities & Commodities Group Limited shares for a total of US$1,516,482, with the highest price at US$8.4210 and the lowest price at US$8.1600. On the same date, 38,000 shares were sold for a total of US$316,862, with the highest price at US$8.4210 and the lowest price at US$8.2220. Morgan Stanley & Co., International plc is a Class (5) associate connected with the Offeror, ultimately owned by Morgan Stanley, and these dealings were made for its own account.