Major Transactions by Morgan Stanley & Co., International plc

• Transaction Date: 24 February 2026
• Party Involved: Morgan Stanley & Co., International plc
• Nature of Dealings: Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders.
• Type of Securities: Ordinary shares
• Purchases:
  • Total shares purchased: 376,000
  • Total amount paid: \$3,338,230.11
  • Highest price paid: \$9.0400
  • Lowest price paid: \$8.8100
• Sales:
  • Total shares sold: 236,000
  • Total amount received: \$2,094,644.00
  • Highest price received: \$8.9200
  • Lowest price received: \$8.8150

Investor Implications & Price Sensitive Information

Shareholders should note:

• The dealings were made by Morgan Stanley & Co., International plc, a Class (5) associate connected with the Offeror. This connection could be relevant in the context of a possible mandatory general offer, which may impact the future ownership structure and control of Bright Smart Securities & Commodities Group Limited.
• The transactions were performed for Morgan Stanley’s own account, indicating proprietary trading rather than client-related activity.
• The purchase and sale prices of shares in these transactions may signal important price levels for the stock, with buys executed up to \$9.0400 and sales as low as \$8.8150. Investors should monitor these price bands as they may influence market sentiment and future trading activity.
• The significant volume of shares involved (over 600,000 shares traded in total) may indicate increased liquidity and interest from major institutional participants, which could impact the share price in the near term.
• The disclosure comes amidst a possible mandatory general offer, a corporate event that can often result in substantial share price movement, depending on the offer terms and market reaction.

Summary for Investors

The recent large-scale share transactions by Morgan Stanley & Co., International plc in Bright Smart Securities & Commodities Group Limited, connected to a possible mandatory general offer, represent potentially price-sensitive information. Investors should be aware of the changing dynamics in share ownership, the price levels established in these trades, and the implications of a mandatory general offer, which could affect both control and valuation of the company’s shares.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information provided is based on public disclosures and may be subject to change or interpretation.

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