Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 382

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 382
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 indicated above, pursuant to a trust agreement for the acquisition of up toW300 billion worth of treasury shares between April 29, 2024, and October 28, 2024, as announced via our report of foreign private issuer furnished to the U.S. Securities and Exchange Commission via Form6-Kon April 26, 2024. We completed such purchases on October 28, 2024 and canceled all such shares on November 1, 2024.(3)Comprises common shares that were purchased through a broker in a series of open-market transactions in Korea during the periods indicated above, pursuant to a trust agreement for the acquisition of up toW400 billion worth of treasury shares between October 18, 2024, and April 27, 2025, as announced via our report of foreign private issuer furnished to the U.S. Securities and Exchange Commission via Form6-Kon October 25, 2024. We completed such purchase on January 31, 2025, and we plan to cancel all such shares during the second quarter of 2025.Other than as described above, neither we nor any “affiliated purchaser,” as defined in Rule10b-18(a)(3)of the Exchange Act, purchased any of our equity securities during the period covered by this annual report.ITEM 16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANTNot applicable.275

## ITEM 16G.CORPORATE GOVERNANCEWe are committed to high standards of corporate governance. We are in compliance with the corporate governance provisions of the Korean Commercial Code, the Financial Holding Companies Act of Korea, the Act on Corporate Governance of Financial Companies, the Financial Investment Services and Capital Markets Act and the Listing Rules of the Korea Exchange. We, like all other companies in Korea, must comply with the corporate governance provisions of the Korean Commercial Code. In addition, as a financial holding company, we are also subject to the Financial Holding Companies Act and the Act on Corporate Governance of Financial Companies. Also, our subsidiaries that are financial institutions must comply with the respective corporate governance provisions under the Act on Corporate Governance of Financial Companies and relevant laws under which they were established.The Act on Corporate Governance of Financial Companies came into effect as of August 1, 2016. The Act was enacted to address calls for strengthened regulations on corporate governance of financial companies and to serve as a uniform regulation on corporate governance matters applicable to all financial companies in place of the separate regulations for each sector that existed. The Act