Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 687

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 687
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 |   |     | —          |      |   |     | 33,000 |        |
| Key Management Personnel  |                                   |                                                        |     |           |  6,563 |     |           |  3,154 |     |            | (4,712  | ) |     |            | —    |   |     |        |  5,005 |
|                           |                                   | Total                                                  |     |         W | 71,368 |     |           | 36,154 |     |            | (56,537 | ) |     |            | (351 | ) |     |        | 50,634 |

| (*) | The effect on changes in allowance for credit loss is included. |

<div align='center'>F-3 21</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) |

|                           |                                                         |                                                        |     |      2024 |        |     |           |           |     |            |          |   |     |             |         |   |     |         |           |
| Classification            |                                                         | Company                                                |     | Beginning |        |     | Execution |           |     | Collection |          |   |     | Others (*1) |         |   |     |  Ending |           |
| Investments in associates |                                                         | Nomura-Rifa Private Real Estate Investment Trust No.19 |     |         W | 11,529 |     |           |         — |     |            | (300     | ) |     |             |     471 |   |     |         |    11,700 |
|                           | Shinhan Global Active REIT Co.Ltd. (*2)                 |                                                        |     |         — |        |     |   165,400 |           |     | (125,700   | )        |   |     |     (39,700 |       ) |   |     |       — |           |
|                           | SBC PFV Co., Ltd.                                       |                                                        |     |         — |        |     | 1,169,700 |           |     | (185,100   | )        |   |     |           — |         |   |     | 984,