Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 664

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 664
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2% for the years ended December 31, 2022, 2023 and 2024, respectively. |

<div align='center'>F-28 7</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 33. | Dividends (continued) |

|                             |     |            2022 |            |     |                   |       |     |                   |        |     |                      |        |     |                                 |      |
|                             |     | Number ofshares |            |     | Dividendper share 
 (in won)          |       |     | Totaldividendpaid |        |     | Issue priceper share 
 (in won)             |        |     | Dividend rateper issueprice (%) |      |
| Convertible preferred stock |     |                 | 17,482,000 |     |                   | 2,065 |     |                   | 36,101 |     |                      | 42,900 |     |                                 | 4.81 |

|                                 |     |            2023 |            |     |                   |     |     |                   |       |     |                      |        |     |                                 |      |
|                                 |     | Number ofshares |            |     | Dividendper share 
 (in won)          |     |     | Totaldividendpaid |       |     | Issue priceper share 
 (in won)             |        |     | Dividend rateper issueprice (%) |      |
| Convertible preferred stock (*) |     |                 | 17,482,000 |     |                   | 525 |     |                   | 9,178 |     |                      | 42,900 |     |                                 | 1.22 |

| (*) | Convertible preferred shares of17,482,000that were issued on May 1, 2019 have been converted into common shares at a 1:1 ratio on May 1, 2023, and dividends were paid before conversion. |

|                       |     | 2022 |             |     | 2023 |             |     | 2024 |             |
| Amount of hybrid bond |     |    W |   4,212,700 |     |      |   4,014,550 |     |