Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 585

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 585
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  1,285 |     |                  | (2,073 | ) |     |             | — |     |             | (2,073 | ) |
| Shinhan AIM Private Fund of Fund 9-B                                                       |     |       |  96,124 |     |           |      51 |     |           |  9,992 |     |                  |  3,928 |   |     |             | — |     |             |  3,928 |   |
| Shinhan General Private Real Estate Investment Trust No.3                                  |     |       |  38,175 |     |           |     410 |     |           |    591 |     |                  |    564 |   |     |             | — |     |             |    564 |   |
| NH Absolute Project L General Private Investment Trust                                     |     |       |  18,863 |     |           |      65 |     |           |      7 |     |                  |  1,556 |   |     |             | — |     |             |  1,556 |   |

<div align='center'>F- 200</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 16. | Investments in associates (continued) |

|                                                                |     |  2023 |        |     |           |     |     |           |       |     |                  |       |   |     |             |   |     |             |       |   |
| Investees                                                      |     | Asset |        |     | Liability |     |     | Operating 
 revenue   |       |     | Net profit(loss) |       |   |     | Other       
 comprehen-  
 sive income 
 (loss)      |   |     | Total       
 comprehen-  
 sive income 
 (loss)      |       |   |
| Paros Kosdaq Venture General Private Investment Trust No. 5    |     |     W |  8,998 |     |           |   3 |     |           |     5 |     |                  |    (9 | ) |     |             | — |     |             |    (9 | ) |
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