Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 594

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 594
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,313 |     |           |       — |     |           |     11 |   |     |                  | (3,419 | ) |     |             | — |     |             | (3,419 | ) |
| Time Robotics New Technology Investment Trust                                         |     |       |  12,651 |     |           |       — |     |           |    240 |   |     |                  |     40 |   |     |             | — |     |             |     40 |   |
| Ascent-welcome Tehcnology Investment Trust No.2                                       |     |       |  30,597 |     |           |       — |     |           |     16 |   |     |                  | (1,125 | ) |     |             | — |     |             | (1,125 | ) |
| Newmain I funds                                                                       |     |       |  25,757 |     |           |       3 |     |           | 25,313 |   |     |                  | 20,278 |   |     |             | — |     |             | 20,278 |   |
| Igis General PE Real Estate Investment Trust 517-1                                    |     |       |  57,074 |     |           |     346 |     |           |     11 |   |     |                  | (1,983 | ) |     |             | — |     |             | (1,983 | ) |

<div align='center'>F-20 9</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) |

|                                                                   |     |  2024 |           |     |           |           |     |           |         |   |     |                  |        |   |     |             |   |     |             |        |   |
| Investees                                                         |     | Asset |           |     | Liability |           |     | Operating 
 revenue   |         |   |     | Net profit(loss) |        |   |     | Other       
 comprehen-  
 sive income 
 (loss)      |   |     | Total       
 comprehen-  
 sive income 
 (loss)      |        |