Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 61

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 61
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 foreseeable future, there can be

no guarantee in this regard.

Based on the past and projected composition of our income and assets, and the valuation of our assets,

including goodwill, we do not believe we were a PFIC for our most recent taxable year, and we do not expect to

become a PFIC in the current taxable year or the foreseeable future, although there can be no assurance in this

regard. If we are or become a PFIC, you could be subject to additional U. S. federal income taxes on gain recognized

with respect to Ordinary Shares and on certain distributions, plus an interest charge on certain taxes treated as

having been deferred under the PFIC rules. See “ Taxation - Certain U. S. Federal Income Tax Consequences to

U. S. Holders - Passive Foreign Investment Company.”

Risks Relating to our Organization in the Netherlands

We are a Dutch public company with limited liability, and our shareholders may have rights different than those

of shareholders of companies organized in the United States.

The rights of our shareholders may be different from the rights of shareholders of companies governed by

the laws of U. S. jurisdictions. We are a Dutch public company with limited liability (naamloze vennootschap). Our

corporate affairs are governed by our Articles of Association. The rights of our shareholders and the responsibilities

of members of our board of directors may be different from the rights of shareholders and the responsibilities of

members of boards of directors of companies governed by the laws of other jurisdictions, including the United

States. In the performance of its duties, our Board is required by Dutch law to consider our interests, the interests of

our affiliated enterprise and the interests of all of our stakeholders, including our shareholders and employees, in all

cases with due observation of the principles of reasonableness and fairness. It is possible that some of these parties

will have interests that are different from, or in addition to, the interests of shareholders.

We are subject to the Dutch Corporate Governance Code, but do not comply with all of the suggested governance

provisions of the Dutch Corporate Governance Code, which may affect your rights as a shareholder.

As a Dutch company, we are subject to the Dutch Corporate Governance Code (“ DCGC”). The DCGC

contains both principles and suggested governance provisions for management boards, supervisory boards,

shareholders and general meetings, financial reporting, auditors, disclosure, compliance and enforcement standards.

The DCGC is based on a “