Announcement of Subsidiary’s Release

TOKYO, January 30, 2024 – Coincheck, Inc., a subsidiary of Monex Group, Inc., issued the followingpress release today.

Attachment: Summary of Coincheck, Inc. press release
Coincheck announced the business transfer of its virtual shareholders’ meeting support service“Sharely”- The business will be transferred to Excite Holdings through a corporate separation(incorporation-type company split) -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.

【Press Release】

January 30, 2024
Coincheck, Inc.

Coincheck announced the business transfer of its virtual
shareholders’meeting support service “Sharely”- The business will be transferred to Excite Holdings through a
corporate separation (incorporation-type company split) -Coincheck, Inc. (Headquartered in Shibuya-ku, Tokyo: Satoshi Hasuo, Representative
Director & President; hereinafter“Coincheck”or“we”) announced today that it
will transfer its virtual shareholder meeting support service “Sharely” business(hereinafter referred to as “Sharely business”) to Excite Holdings Co., Ltd.
(Headquartered in Minato-ku, Tokyo: Shinichi Saijo, President & CEO, hereinafter“Excite Holdings”) through a corporate separation (incorporation-type companysplit).
Coincheck will transfer its Sharely business to a new company and then transfer
the shares of the newly established company to Excite Holdings.

Purpose of Business Transfer
Sharely business has been supporting virtual shareholder meetings for listedcompanies since its launch in 2020, just in time to anticipate the introduction oflaws regulating such meetings. Leveraging the clear and intuitive UI/UX design
developed through our cryptocurrency exchange service “Coincheck” and the speedof functional improvements due to in-house development as our strengths, we haveincreased the number of virtual shareholder meeting support cases and acquired thetop domestic market share in the virtual shareholder meeting support business in
2022 (*1) and 2023 (*2). While the Sharely business has further growth potential,
to align with our mission “Making Exchange of New Value Easier” and with ourmanagement policy to focus more on improving the performance of our crypto asset
business, including the cryptocurrency trading service, we have decided totransfer the Sharely business.
Excite Holdings, the transferee, has been pursuing a growth strategy called“ambidextrous management”. They aim to achieve “growth of their existing
businesses”by expanding the number of users on their platform and broadband
businesses. They also plan to “build new business pillars” by actively investingin SaaS and DX businesses and taking advantage of their earnings base.
Additionally, they aim to achieve sustainable growth by strengthening theirbusiness portfolio through mergers and acquisitions (M&As).

To build new business pillars, Excite Holdings is focusing on the SaaS/DX businessand has decided to acquire Sharely business to expand their product range. As
Excite Holdings' current management team has created and grown numerous
Internet-related businesses, they believe their management skills will accelerate
the further growth of the Sharely business. Consequently, we have decided totransfer the business to Excite Holdings.

*1 January 18, 2023 Press Release “Sharely, a Virtual Shareholders' Meeting Support Service, Wins
No. 1 in Number of Virtual-only Shareholders' Meetings Supported in 2022”*2 Number of shareholder meetings supported by Sharely in the number of virtual-only shareholder
meetings held by publicly listed companies at their annual and extraordinary shareholder meetingsfrom January to December 2023, according to our research.

Future Outlook
After transferring Sharely business to the newly established company, Coincheck
will transfer all shares of the newly established company to Excite Holdings. The
newly established company will take over the“Sharely”brand and provide Sharely
business users with the services of the same quality and standard as up to now.
The effective date of the corporate split and the share transfer to Excite
Holdings is scheduled for March 8, 2024. The impact of the business transfer on
our financial results for the current fiscal year (ending March 31, 2024) is
expected to be limited. We will promptly disclose any further information thatneeds to be disclosed.

Comment by Shinichi Saijo (President & CEO of Excite Holdings
Co., Ltd.)I am honored and pleased to announce that Excite Holdings is welcoming Sharely.
Sharely's Virtual Shareholder Meeting Support SaaS is a visionary product createdwith the idea of solving the challenges that has been unveiled during the periodof COVID-19 pandemic. We strongly believe that the need for virtual shareholder
meetings will continue to accelerate in the future. Sharely has already proven its
strength by providing practical solutions in the shareholder meetings of listedcompanies, and we have received high praise for its capabilities from fellow
executives. Sharely's team has achieved Product-Market Fit (PMF) in a short period
due to their excellent product development capabilities.
As Sharely enters its Go-To-Market phase, we will further support it in the areasof talent and marketing to foster its growth. At Excite Holdings, we are lookingforward to working with Sharely's team and contributing to the future success ofboth our companies.

Comment by Yusuke Otsuka (Executive Director, Head of web3CloudBusiness Division at Coincheck)
We announced that Sharely business, a SaaS service that supports virtual
shareholder meetings launched in 2020, will be joining Excite Holdings group as
Sharely Co., Ltd.
Since its launch three years ago, Sharely business has achieved a certain level ofProduct Market Fit (PMF) and is now entering the Go-To-Market phase. To furtheraccelerate our growth, we have been looking for a group of operating companies
with knowledge, experience, and management capabilities in the BtoB SaaS business.
As a result, we have decided to transfer the business to Excite Holdings group.
The Sharely business will be separated from us, Coincheck, and I will be departingfrom Sharely's business operations, but we are very grateful that the growthpotential of Sharely business is recognized by Excite Holdings and welcomed into
their group. which is strongly led by Representative Director Shinichi Saijo andDirector Masaya Ishii, who successfully listed Excite Holdings on the Tokyo Stock
Exchange Standard Market in 2023 after the TOB for Excite Japan Co., Ltd. in 2018.

About Excite Holdings, Co., Ltd.
Excite Holdings operate a range of businesses, including platform operations,broadband businesses through optical lines, SaaS, and DX ventures under our
mission of “Creating an exciting future with a digital-native mindset”.The
company was listed on the Tokyo Stock Exchange Standard Market in April 2023.

: 3-20-1, Minamiazabu, Minato-ku, Tokyo
Address
Incorporated: July 2018
Representative: Shinichi Saijo, President & CEO
Business Activities : Platform, Broadband, SaaS・DXURL: https://www.excite-holdings.co.jp/
Contact: https://www.excite-holdings.co.jp/contact/

About Sharely
Sharely is a comprehensive support service for virtual shareholder meetings. Inaddition to providing a cloud system that can be used for various types of virtual
shareholder meetings, from hybrid type including both“participation-type”and“remote attendance-type”, and“virtual-only type,” Sharely proposes scenariosand management methods tailored to virtual shareholder meetings, and provides
operational support on shareholders' meeting days.

About Coincheck, Inc.
Coincheck, Inc. operates the crypto asset trading service “Coincheck,”which has
been “Japan's No.1*”downloaded trading app for five consecutive years. The
company's mission is“Making Exchange of New Value Easier”by providing better
services based on the latest technology and advanced security measures. Coincheckaims to make the“exchange of new value”created by crypto assets and blockchain
more easily accessible to its customers.
*This data is supported by App Tweak and refers to domestic crypto asset trading apps from January
2019 to December 2023.

For inquiries from the press regarding this release, please contact
Coincheck, Inc. PR Group
Mail: pr@coincheck.com