CROCODILE (00122) plans to merge shares in a "20 to 1" ratio.

CROCODILE (00122) announced that the board of directors proposes a consolidation of shares based on a ratio of 20 existing shares for every 1 consolidated share. As of the date of this announcement, the company has 1.421 billion existing shares already issued and allocated. After the consolidation of shares takes effect, assuming no further issuance or repurchase of existing shares from the date of this announcement until the effective date of the consolidation, the company will have no more than 71.0658 million consolidated shares issued. As of the date of this announcement, existing shares are traded in units of 1000 shares on the Stock Exchange. Subject to and pending the effectiveness of the share consolidation, it is recommended that the trading units on the Stock Exchange be changed from 1000 existing shares to 2000 consolidated shares.