Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 680

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 680
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   |
| ”                                                |     | Reversal for credit loss   |     |      |     5 |   |     |      |     — |   |     |      |     — |   |
| ”                                                |     | Interest expense           |     |      |    (1 | ) |     |      |     — |   |     |      |     — |   |
| Partners 4thGrowth Investment Fund (*3)          |     | Interest expense           |     |      |   (12 | ) |     |      |     — |   |     |      |     — |   |
| Shinhan-Albatross Tech Investment Fund           |     | Fees and commission income |     |      |   146 |   |     |      |   115 |   |     |      | 1,047 |   |
| ”                                                |     | Interest expense           |     |      |    (7 | ) |     |      |    (4 | ) |     |      |   (12 | ) |
| Shinhan-MidasDong-ASecondary Fund                |     | Fees and commission income |     |      |   121 |   |     |      |     — |   |     |      |     — |   |
| Shinhan-Nvestor Liquidity Solution Fund          |     | Fees and commission income |     |      |   181 |   |     |      |   173 |   |     |      |   192 |   |
| Shinhan-PSInvestment Fund No.1                   |     | Fees and commission income |     |      |    15 |   |     |      |    25 |   |     |      |    20 |   |

<div align='center'>F-3 1 3</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 49. | Related parties (continued) |

| Related party                                                                  |     | Account                      |     | 2022 |       |   |     | 2023 |       |   |     | 2024 |        |   |
| Investments in associates(continued)                                           |     |                              |     |      |       |   |     |      |       |   |     |      |        |