Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 683

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 683
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 |   |
| SH 1.5years Maturity Investment Type Security Investment Trust No.2 (*5)                 |     | Fees and commission income |     |      |     — |   |     |      |    16 |   |     |      |     4 |   |

<div align='center'>F-3 1 6</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)                                       |     |                            |     |      |    |   |     |      |     |   |     |      |       |   |
| Newlake Growth Capital Partners2 PEF (*3)                                  |     | Interest expense           |     |    W | (1 |   |     |      |   — |   |     |      |     — |   |
| Shinhan Global Active REIT Co.Ltd (*5), (*6)                               |     | Interest income            |     |      |  — |   |     |      |  17 |   |     |      | 3,982 |   |
| ”                                                                          |     | Fees and commission income |     |      |  — |   |     |      |   — |   |     |      | 2,498 |   |
| ”                                                                          |     | Derivative-related income  |     |      |  — |   |     |      |   — |   |     |      | 8,220 |   |
| ”                                                                          |     | Interest expense           |     |      | (1 | ) |     |      |  (2 | ) |     |      |    (4 | ) |
| ”                                                                          |     | Reversal of credit loss    |     |      |  — |   |     |      |   — |   |     |      |   533 |   |
| DeepBlue No.1 Private Equity Fund (*3)                                     |     | Interest expense           |     |      | (2 | ) |     |      |   — |   |