Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 247

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 10
Chunk 247
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 in excess of 
the average paid-in capital recognized for the purposes of the DWTA;
(iii)   the par value of the Ordinary Shares issued to a holder of Ordinary Shares or an increase in the par value 
of the Ordinary Shares, to the extent that no related contribution, recognized for the purposes of the 
DWTA, has been made or will be made; and

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(iv)   partial repayment of paid-in capital, that is,
•        not recognized for DWTA purposes, or
•        recognized for DWTA purposes, to the extent that Coincheck Parent has “net profits” (zuivere 
winst), unless (a) the general meeting of shareholders has resolved in advance to make this 
repayment, and (b) the par value of the Ordinary Shares concerned has been reduced by an equal 
amount by way of an amendment to the Articles of Association of Coincheck Parent. The term 
“net profits” includes anticipated profits that have yet to be realized.
If a holder of Ordinary Shares is an individual that is resident or deemed to be resident in the Netherlands or is 
an individual that is not resident or deemed to be resident in the Netherlands, but for whom dividends distributed by 
Coincheck Parent or income deemed to be derived from the Ordinary Shares is subject to income tax under the ITA, 
such holder of Ordinary Shares is generally entitled to a credit for any Dutch dividend withholding tax against his 
Dutch tax liability and to a refund of any residual Dutch dividend withholding tax. Entities that are resident or 
deemed to be resident in the Netherlands and entities that are not resident or deemed resident in the Netherlands, but 
for which dividends distributed by Coincheck Parent are subject to corporate income tax under the CITA, can only 
credit Dutch dividend withholding tax up to the total amount of their Dutch corporate income tax liability without 
taking into account any credit for Dutch dividend withholding tax and gaming tax (kansspelbelasting). To the extent 
the aggregate of the Dutch dividend withholding tax and gaming tax exceeds the aggregate Dutch corporate income 
tax liability in respect of the relevant year, the excess is not refunded, but carried forward to future years subject to 
certain restrictions and conditions.
Depending on specific circumstances, a holder of Ordinary Shares resident in a country other than the 
Netherlands and for whom dividends distributed by Coincheck Parent or income deemed to be derived from the 
Ordinary Shares is not subject to tax under the ITA or the CITA may be entitled to exemptions from,