CROCODILE(00122): The subscription for the new shares was successfully accepted at approximately 91.33%.

Crocodile (00122) announces that the deadline for acceptance and payment of rights shares, as well as applications for additional rights shares, is 4:00 pm on December 5, 2025 (Friday). A total of 17 valid acceptances have been received, involving a provisional allotment of 25,918,232 rights shares, representing approximately 72.94% of the total 35,532,888 rights shares available for subscription. Additionally, 5 valid applications have been received, involving a total of 6,533,504 additional rights shares, representing approximately 18.39% of the total rights shares available for subscription. Based on irrevocable commitments and the number of shares held by Ms. Lam and her controlled entities on the record date, Ms. Lam has (and has caused her controlled entities to) accepted and subscribed for 19,152,221 rights shares allocated to them according to the provisional allotment notice. Ms. Lam has also applied for 600,000 additional rights shares. In total, with regard to 32,451,736 rights shares, a total of 22 valid acceptances and applications have been received, representing approximately 91.33% of the total 35,532,888 rights shares available for subscription. Therefore, 3,081,152 rights shares have not been fully subscribed, representing approximately 8.67% of the total rights shares available for subscription. Due to the valid acceptances under the provisional allotment notice, 9,614,656 rights shares (approximately 27.06% of the total rights shares available for sale) are available for subscription under the additional application form. The number of additional rights shares is sufficient to satisfy all valid applications for a total of 6,533,504 additional rights shares under the additional application form. As the rights shares have not been fully subscribed, the Board considers it fair and reasonable to accept all valid applications for 6,533,504 additional rights shares and to fully allocate and issue the shares to the respective applicants. Therefore, refund cheques will not be issued for partially or fully unaccepted applications for additional rights shares.