Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 675

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 675
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 of the Lime Fund sales in the future.

|                                                                                              |     |                        |     | Loan commitments with financial institution (*1) |           |     |            |           |     |                                               |           |
| Description                                                                                  |     | Number ofconstructions |     | Temporary loan                                   |           |     | Limit loan |           |     | Outstanding balance withfinancial institution |           |
| Construction site in progress without failure to meet completion                             |     |                     21 |     | W                                                |   851,901 |     |            |   744,389 |     |                                               | 1,309,186 |
| Construction site in progress with contractor’s failure to meet completion                   |     |                      7 |     |                                                  |   233,500 |     |            |   196,899 |     |                                               |   390,839 |
| Construction site in progress with contractor’s failure to meet completion by the Group (*2) |     |                      9 |     |                                                  |   157,270 |     |            |   196,299 |     |                                               |   352,458 |
|                                                                                              |     |                     37 |     | W                                                | 1,242,671 |     |            | 1,137,587 |     |                                               | 2,052,483 |

| (*1) | The outstanding loan commitment balance including lump-sum payments, limit deductions, and repayments. |

| (*2) | Land trust projects with completion guarantees that are subject to ongoing litigation have been included. |

<div align='center'>F-30 7</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 47. | Commitments and contingencies (continued) |

| (f) | As of the end of the current period, the Group may provide trust account loans for a portion of the total project cost in relation to 52 borrowed-land trust contracts, including the Magok D13 Knowledge Industry Center in Gangseo-gu, Seoul. The maximum additional loan amount (unused limit) isW383,071million. The decision on whether the Group will provide trust account loans for the relevant projects is not an unconditional obligation but is determined after comprehensively considering various factors, including proprietary accounts and the cash flow plans of each trust project. |