BRIGHT SMART(01428): The relevant process regarding the acquisition matter is progressing as planned with the relevant departments.

On August 15th, BRIGHT SMART (01428) issued a clarification announcement, noting recent media reports indicating that due to tighter regulatory scrutiny by Chinese authorities on the acquisition, the expected timeline for the acquisition may be delayed. After consulting with the offeror, the company understands that the relevant processes for the acquisition are proceeding as planned. The offeror and the company will jointly make further announcements on the latest status of the completion conditions and the offer at the appropriate time. According to the information, on the evening of April 25th, 2025, Bright Smart Securities announced that Ant Group had proposed to acquire 50.55% of the shares held by the company's chairman Ye Maolin, at a price of HK$3.28 per share, with a total consideration of HK$2.814 billion. After the transaction is completed, Bright Smart Securities will continue to be listed on the Hong Kong Stock Exchange, with the controlling stake transferring from the Ye Maolin family to Ant Group. Following the announcement of the news, the stock price of Bright Smart Securities continued to rise for several days. Earlier market reports suggested that Ant Group's plan to acquire the controlling stake of Bright Smart Securities may be delayed due to stricter regulatory scrutiny, as other regulatory bodies in Hong Kong are further evaluating the transaction.