CROCODILE-NEW (00122) announced that as of 4:00 PM on Friday, December 5, 2025—the deadline for accepting and paying for rights shares, as well as applying and paying for additional rights shares—the company received a total of 17 valid acceptances. These involved the provisional allotment of 25,918,232 rights shares, representing approximately 72.94% of the 35,532,888 rights shares available under the rights issue. Additionally, the company received five valid applications for a total of 6,533,504 additional rights shares, accounting for about 18.39% of the total rights shares offered.

Under irrevocable commitments and based on the shareholding of Ms. Lam and her controlled entities as of the record date, Ms. Lam (and her controlled entities) accepted and subscribed for 19,152,221 rights shares provisionally allotted to them. Ms. Lam also applied for 600,000 additional rights shares via the excess application form.

In total, valid acceptances and applications were received for 32,451,736 rights shares, representing approximately 91.33% of the total rights shares available. Consequently, 3,081,152 rights shares (about 8.67% of the total) remained undersubscribed.

Due to the valid acceptances of the provisional allotments, 9,614,656 rights shares (approximately 27.06% of the total) became available for subscription under the excess application form. This quantity was sufficient to fulfill all valid applications for 6,533,504 additional rights shares.

Given the undersubscription, the board deemed it fair and reasonable to approve all valid excess applications for 6,533,504 additional rights shares and fully allot and issue these shares to the respective applicants. As a result, no refund checks will be issued for unaccepted or partially unaccepted excess applications.