Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 662

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 662
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     |                                                       W | (2,482,668 | ) |     |               |  5,692 |   |     |             |  296,489 |   |     |           |    3,406 |   |     |                 |    532,388 |   |     |                 | 11,750 |   |     |                                                         | (354,087 | ) |     |               | 9 |     |                | 168,150 |   |     |                 | (5,569 | ) |     |       | (1,824,440 | ) |

<div align='center'>F-2 8 4</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) |

| (f) | Appropriation of retained earnings |

The appropriation of retained earnings for the years ended December 31, 2023 and 2024 are as follows:

| Date of appropriation:                                                 |     | March 26, 2024 |      2023 |   |     | March 26, 2025 |      2024 |   |
|:-----------------------------------------------------------------------|:----|:---------------|----------:|:--|:----|:---------------|----------:|:--|
| Unappropriated retained earnings:                                      |     |                |           |   |     |                |           |   |
| Balance at beginning of year                                           |     | W              | 5,033,475 |   |     |                | 4,672,650 |   |
| Retirement of treasury stock                                           |     |                |  (486,999 | ) |     |                |  (450,402 | ) |
| Dividend to hybrid bonds                                               |     |                |  (189,672 | ) |     |                |  (176,945 | ) |
| Interim dividends                                                      |     |                |  (817,122 | ) |     |                |  (820,287 | ) |
| Net income                                                             |     |                | 1,671,011 |   |     |                | 1,619,867 |   |
|                                                                        |     |                | 5,210,693 |   |     |                | 4,844,883