Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 401

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 401
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 |               | 100.0 |      |     | 100.0 |
| ”                                 |     | Shinhan EZ General Insurance Co., Ltd. |     | ”          |     |                           ” |     |               |  85.1 |      |     |  85.1 |
| Shinhan Bank                      |     | Shinhan Bank America                   |     | USA        |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                 |     | Shinhan Bank Europe GmbH               |     | Germany    |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                 |     | Shinhan Bank Cambodia                  |     | Cambodia   |     |                           ” |     |               |  97.5 |      |     |  97.5 |
| ”                                 |     | Shinhan Bank Kazakhstan Limited        |     | Kazakhstan |     |                           ” |     |               | 100.0 |      |     | 100.0 |

<div align='center'>F-1 7</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 1. | Reporting entity (continued) |

|                                    |     |                                             |     |            |     | Date offinancialinformation |     | Ownership (%) |       |      |     |       |
| Investor                           |     | Investee (*1)                               |     | Location   |     |                        2023 |     |               |       | 2024 |     |       |
| ”                                  |     | Shinhan Bank Canada                         |     | Canada     |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                  |     | Shinhan Bank (China) Limited                |     | China      |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                  |     | Shinhan Bank Japan                          |     | Japan      |     |                           ” |     |               | 100.0 |      |     | 100.0 |
| ”                                  |     | Shinhan Bank Vietnam Ltd.                   |     | Vietnam    |