Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 486

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 486
---
70,788 | ) |     |                                | 263,495 |

<div align='center'>F-8 8</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 5. | Financial risk management (continued) |

|                                                                                   |     |               2024 |         |   |     |                                |         |
|                                                                                   |     | Amounts recognized 
  in profit or loss |         |   |     | Recognized profit or loss from 
 the financial instruments held 
 as of December 31              |         |
| Net loss on financial assets at fair value through profit or loss                 |     |                  W | 112,040 |   |     |                                | 443,935 |
| Net gain on financial liabilities designated at fair value through profit or loss |     |                    | (74,680 | ) |     |                                | 102,961 |
| Net other operating expense                                                       |     |                    |  16,498 |   |     |                                |  16,497 |
|                                                                                   |     |                  W |  53,858 |   |     |                                | 563,393 |

| (*2) | The equity securities experienced a level transfer due to changes in the availability of observable market data, such as trading suspensions. Similarly, the derivative instruments underwent a level transfer as the availability of observable market data changed due to modifications in valuation techniques. |

| i-3) | Valuation techniques and significant inputs not observable in markets |

|                                                             |     |      2023 |                                   |     |          |            |     |                                                                                         |
| Type of financial instrument                                |     | Valuation 
 technique |                                   |     | Carrying 
 value    |            |     | Significant inputs                                                                      |
| Assets                                                      |     |           |                                   |     |          |            |     |                                                                                         |
| Financial asset at fair value through profit or loss        |     |           |                                   |     |          |            |     |                                                                                         |
| Debt securities                                             |     |           | DCF, NAV, Option model (*)        |     | W        | 40,282,764 |     | Discount rate, interest rate, stock price and etc.                                      |
|                                                             |     |           |                                   |     |          |