Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 543

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 543
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           |       — |   |     |        |      221 |   |     |              |        — |   |     |       |       221 |   |
| Effects of foreign currency adjustments                             |     |      |       118 |   |     |           |    (165 | ) |     |        |    1,499 |   |     |              |    1,348 |   |     |       |     2,800 |   |
| Ending balance                                                      |     |    W | 2,043,119 |   |     |           | 790,251 |   |     |        |  532,459 |   |     |              |  606,475 |   |     |       | 3,972,304 |   |

| (*1) | During 2023,W82,179million transferred from assets-under-construction is included. |

| (*2) | Included in general administrative expense, other operating income (loss) and insurance service expense of the consolidated statements of comprehensive income. |

| (*3) | Includes buildings, land, etc. |

<div align='center'>F-1 5 6</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 14. | Property and equipment (continued) |

|                                                                     |     | 2024 |           |   |     |           |         |   |     |        |          |   |     |              |          |   |     |       |           |   |
|                                                                     |     | Land |           |   |     | Buildings |         |   |     | Others |          |   |     | Right-of-use 
 assets       |          |   |     | Total |           |   |
| Beginning balance                                                   |     |    W | 2,043,119 |   |     |           | 790,251 |   |     |        |  532,459 |   |     |              |  606,475 |   |     |       | 3,972,304 |   |
| Acquisition (*1)                                                    |     |      |    40,480 |   |     |           |  23,661 |   |     |        |  199,988 |   |     |