Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 684

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 684
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   |     |      |   214 |   |
| Shinhan M&A-ESG Investment Fund                                            |     | Fees and commission income |     |      |  — |   |     |      | 726 |   |     |      | 1,083 |   |
| Shinhan-JWMezzanine New Technology Fund 1st(*5)                            |     | Fees and commission income |     |      |  — |   |     |      |  46 |   |     |      |     7 |   |
| MAN Global Strategy Bond(H)                                                |     | Fees and commission income |     |      |  — |   |     |      |   2 |   |     |      |     5 |   |

<div align='center'>F-31 7</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)                                    |     |                            |     |      |   |     |      |     |     |      |     |   |
| SH US Buyback&High Dividend Security Feeder Investment Trust(H)[Equity] |     | Fees and commission income |     |    W | — |     |      |   — |     |      |  18 |   |
| SH Prestige High Dividend Security Feeder No.1[Equity]                  |     | Fees and commission income |     |      | — |     |      |   — |     |      |  24 |   |
| Shinhan time secondary blind new technology investment trust            |     | Fees and commission income |     |      | — |     |      |  71 |     |      | 200 |   |
| Shinhan-openwaterpre-IPOInvestment Trust 1                              |     | Fees and commission income |     |      | — |     |      |  36 |     |      | 100 |   |
| Shinhan-CJTechnology Innovation Fund No. 1                              |     | Fees and commission income |     |      | —