Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 682

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 682
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    61 |   |
| Ulmus SHC innovation investment fund             |     | Fees and commission income |     |      |    94 |   |     |      |    91 |   |     |      |    69 |   |
| iPIXEL Co.,Ltd.                                  |     | Interest income            |     |      |     1 |   |     |      |     — |   |     |      |     — |   |
| ”                                                |     | Interest expense           |     |      |     — |   |     |      |     — |   |     |      |    (1 | ) |
| CJL No.1 Private Equity Fund                     |     | Interest expense           |     |      |    (7 | ) |     |      |   (10 | ) |     |      |    (2 | ) |
| Reverent-Shinhan Vista Fund                      |     | Fees and commission income |     |      |    40 |   |     |      |    80 |   |     |      |    80 |   |
| Kiwoom-Shinhan Innovation Fund 2                 |     | Fees and commission income |     |      |   279 |   |     |      |   268 |   |     |      |   120 |   |
| ETRI Holdings-Shinhan 1stUnicorn Fund            |     | Fees and commission income |     |      |   100 |   |     |      |   100 |   |     |      |    93 |   |
| Shinhan-Time mezzanine blind Fund                |     | Fees and commission income |     |      |   107 |   |     |      |   226 |   |     |      |   300 |   |
| Shinhan VC tomorrow venture fund 1               |     | Fees and commission income |     |      | 3,400 |   |     |      | 3,280 |   |     |      | 2,474 |   |

<div align='center'>F-3 1 5</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