Announcement of Subsidiary’s Release

TOKYO, February 22, 2023 – Coincheck, Inc., a subsidiary of Monex Group, Inc., issued the followingpress release today.

Attachment: Summary of Coincheck, Inc. press release
FiNANCiE Tokens (FNCT) Surpassed its Funding Goal of 1.066 Billion Yen in 60 minutes from theStart of Subscription~ FNCT will continue to be available for purchase application on Coincheck IEO until March 7 ~Contact:

Akiko Kato
Corporate Communications OfficeMonex Group, Inc.
+81-3-4323-8698

Yuki Nakano, Taishi Komori
Investor Relations, Financial Control Department
Monex Group, Inc.
+81-3-4323-8698

This material is an English translation of a Japanese announcement made on the date above. Although the Company intended
to faithfully translate the Japanese document into English, the accuracy and correctness of this English translation is notguaranteed and thus you are encouraged to refer to the original Japanese document. This translation was made as a matter ofrecord only and does not constitute an offer to sell or to solicit an offer to buy securities in the U.S.

February 22, 2023
Coincheck, Inc.

FiNANCiE Tokens (FNCT) Surpassed its Funding Goal of 1.066 Billion Yen
in 60 Minutes from the Start of Subscription~ FNCT will continue to be available for purchase application at Coincheck IEO until March 7 ~Coincheck, Inc. (Head office: Shibuya-ku, Tokyo, President: Satoshi Hasuo, hereinafter Coincheck) is
pleased to announce that the total amount of purchase applications for IEO of FiNANCiE Tokens (FNCT),
for which purchase applications began on February 21, 2023, exceeded its fundraising target of 1.066 billion
yen in just 60 minutes from the start. FiNANCiE Token (FNCT) is the second IEO conducted by Coincheck,and applications are still accepted at Coincheck’s IEO platform, Coincheck IEO, until March 7, 2023.
“We are pleased to see that the purchase application for FiNANCiE Tokens (FNCT) is now open and thatmany people have applied. We released FiNANCiE, a token-issuing crowdfunding service, in March 2019with the desire to create a system where people get incentive for their activities,” says Hironao Kunimitsu,
Representative Director and CEO of FiNANCiE Inc. “We are expanding its domain to include entertainmentand regional development, and are increasing the number of cases utilizing DAOs and NFTs. As for theFiNANCiE Token (FNCT), it has the role of connecting individual teams and projects active in FiNANCiEand activating activities within those communities, and this concept has been envisioned since the service
was first launched. We have been very particular about the design of the token, and we invite you to take alook at our white paper (*1).”
White paper of FiNANCiE tokens (FNCT): https://fnct.xyz/whitepaper/ja (Japanese only)*1 The white paper explains the significance and purpose of crypto assets, future plans, and sales methods.

“We are very pleased to have received many applications for the second Coincheck IEO project, theFiNANCiE Token (FNCT) IEO, and are off to a good start,” says Kensuke Amo, Managing Executive Officerof Coincheck. “Applications to purchase FNCT will be accepted until March 7, and we will continue to makeevery effort to ensure that the subsequent lottery and token issuance to customers will be safe and smooth. Inaddition, FNCT will be listed on the Coincheck exchange starting March 16 and will be available for deposits
and withdrawals. We will continue to prepare to offer more people an opportunity to trade FNCT. Coincheck
was the first crypto asset exchange to conduct an IEO in Japan and has supported two of the totaling threeIEOs conducted in Japan to date. As a leader in the domestic IEO business, we take pride in being responsible
for creating the Japanese IEO market. Coincheck will continue to support world-class projects from Japanthat use Coincheck IEO as a launch pad to enter the digital economy. Coincheck is committed to building anecosystem that bridges users and projects as well as to becoming a gateway to the digital economy.”Reference Press Release: Announced on February 15, 2022,“Notice regarding the IEO of FiNANCiE Tokens (FNCT) ~ Coincheck IEO to begin accepting purchaseapplications on Feb 21st ~”https://www.monexgroup.jp/en/news_release/irnews/auto_20230215512501/pdfFile.pdf
Upholding its corporate mission of “exchange of new values easier,” Coincheck is striving to add new crypto
assets in their exchange, increase its usability and develop new services.
About IEO
An IEO (initial exchange offering) is a type of initial coin offering (ICO) by which a company or projectelectronically issues utility tokens to procure funds and a cryptocurrency exchange acts as the main party forscreening the project and selling the issuer tokens. Overseas, IEOs are used to construct open, decentralized
networks with developers, investors, service providers and other network participants and to design new
types of incentives.