Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 658

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 658
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 issuance, and the controlling company has an unconditional right to extend the maturity under the same condition or change them to perpetual bonds.

| (d) | Capital adjustments |

|                                            |     | 2023 |          |   |     | 2024 |          |   |
| Beginning balance                          |     |    W | (582,859 | ) |     |      | (658,664 | ) |
| Acquisition of treasury stocks             |     |      | (485,947 | ) |     |      | (700,000 | ) |
| Disposal and retirement of treasury stocks |     |      |  485,947 |   |     |      |  450,297 |   |
| Repayments of hybrid bonds                 |     |      | (102,350 | ) |     |      |  102,143 |   |
| Other transactions with owners             |     |      |   26,545 |   |     |      |     (890 | ) |
| Ending balance                             |     |    W | (658,664 | ) |     |      | (807,114 | ) |

<div align='center'>F-2 80</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 32. | Equity (continued) |

|                   |     |          2023 |             |   |     |                 |          |   |     |          2024 |            |   |     |                 |          |   |
|                   |     | The number of 
         share |             |   |     | Carrying amount |          |   |     | The number of 
         share |            |   |     | Carrying amount |          |   |
| Beginning balance |     |               |       6,352 |   |     | W               |      227 |   |     |               |      6,352 |   |     | W               |      227 |   |
| Acquisition       |     |               |  13,507,398 |   |     |                 |  485,947 |   |     |               | 13,899,708 |   |     |                 |  700,000 |   |
| Disposal          |     |               |           — |