Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 322

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 322
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                                                        |     |                           | 503,445,325 |     |               | 100.00 | % |

Note:

| (1) | On March 26, 2025, we reported that the number of common shares owned by our largest shareholder, National Pension Service, decreased to 43,318,455 shares of common stock (representing 8.60%, as of March 21, 2025). |

| (2) | Number of shares based on Form SC 13G/A filed by BlackRock, Inc. on February 5, 2024. |

236

As of December 31, 2024, the number of treasury shares held by us is 4,585,561 common shares, which do not have voting rights. Other than those listed above, no other person or entity known by us, jointly or severally, directly or indirectly own more than 1% of our issued and outstanding voting securities or otherwise exercise control or could exercise control over us. None of our shareholders have different voting rights. As of the date hereof, our total authorized share capital is 1,000,000,000 shares, par value W5,000 per share. As of December 31, 2024, the latest date on which we closed our shareholders’ registry, 839 shareholders of record were notated as U.S. persons, holding in the aggregate 26.7% of our then total outstanding shares (including Citibank, N.A., as the depositary for our American depositary shares, each representing one share of our common stock effective October 15, 2012, prior to which each American depositary share represented two common shares).

| ITEM 7.B. | Related Party Transactions |

Since the beginning of the preceding three financial years, none of our directors or officers has or had any transactions with us that are or were unusual in their nature or conditions or significant to our business, other than as set forth below and also described in Note 49 of the notes to our consolidated financial statements included in this annual report. In December 2001, BNP Paribas acquired 4.00% of our common stock in return for an investment of approximately W155 billion in cash pursuant to an alliance agreement. Under the terms of the alliance agreement, for so long as BNP Paribas does not sell or otherwise transfer (except to any of its wholly-owned subsidiaries) any portion of its ownership interest in our common stock and maintains, after