Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 656

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 656
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 |      | (1,824,440 | ) |
| Retained earnings (*2), (*3), (*4)                                                     |     |      | 36,387,314 |   |     |      | 39,020,580 |   |
| Non-controllinginterest (*5)                                                           |     |      |  2,601,328 |   |     |      |  2,767,277 |   |
|                                                                                        |     |    W | 56,321,865 |   |     |      | 58,821,033 |   |

| (*1) | Due to profit retirement, the capital is different from the total face value of issued stocks. |

| (*2) | As of December 31, 2023 and 2024, profits reserved by the Group in accordance with Article 53 of the Financial Holding Companies Act amounted toW2,698,360million andW2,865,461million, respectively. |

| (*3) | As of December 31, 2023 and 2024, the regulatory reserve for loan losses the Group appropriated in retained earnings areW21,078million andW20,656million, respectively. |

| (*4) | As of December 31, 2024, profit dividends within retained earnings of subsidiaries of the Group restricted in accordance with laws, etc. amounted toW23,606,325million. |

| (*5) | As of December 31, 2023 and 2024, the total amounts of hybrid bonds that Shinhan Bank, Jeju Bank, Shinhan Capital Co,.Ltd. and Shinhan Life Insurance Co., Ltd. issued areW2,437,561million and |

<div align='center'>F-27 8</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 32. | Equity (continued) |

| W               
 non-controlling 
 W               
 W               
 non-controlling |

| (b) | Capital stock |

|                                |     | 2023 |             |     |               |     | 2024 |             |     |               |
| Number of authorized shares    |     |      |             |     | 1,000,000,000 |     |      |             |     | 1,000,000,