Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 258

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 258
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 years immediately preceding the relevant (reporting) year. If a holder of Ordinary Shares or Warrants is part of such a multinational enterprise group or a large -scaledomestic group, any benefits derived or deemed to be derived from the Ordinary Shares or Warrants, including any capital gains realized on any transfer of the Ordinary Shares or Warrants, may be subject to a (top -up) tax of up to 15% in the Netherlands. Withholding Tax Based on Dutch domestic law, the Company is generally required to withhold Dutch dividend withholding tax at a rate of 15% from dividends distributed by it pursuant to the DWTA. Generally, the Company is responsible for the withholding of such dividend withholding tax at source. Dividends distributed by the Company include, but are not limited to: (i)distributions of profits in cash or in kind, whatever they be named or in whatever form; (ii)proceeds from the liquidation of the Company or proceeds from the repurchase of Ordinary Shares by the Company, other than as a temporary portfolio investment ( tijdelijke belegging), in excess of the average paid -incapital recognized for the purposes of the DWTA; (iii)the par value of the Ordinary Shares issued to a holder of Ordinary Shares or Warrants 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 174 (iv)partial repayment of paid -incapital, that is, •not recognized for DWTA purposes, or •recognized for DWTA purposes, to the extent that the Company 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 the Company. The term “net profits” includes anticipated profits that have yet to be realized. In addition to the above, it cannot be excluded that proceeds of redemption of Warrants or proceeds of the repurchase of Warrants or an actual or deemed (including in connection with any cashless exercise of Warrants) full or partial cash settlement of Warrants fall within the scope of the expression “dividends distributed” and are therefore to such extent subject to Dutch dividend withholding tax at a rate of 15%. However, to date, no authoritative case law of