Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 688

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 688
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 | Capstone REITs No.26                                    |                                                        |     |         — |        |     |    20,000 |           |     | —          |          |   |     |           — |         |   |     |  20,000 |           |
|                           | EDNCENTRAL Co.,Ltd                                      |                                                        |     |         — |        |     |    25,400 |           |     | —          |          |   |     |           — |         |   |     |  25,400 |           |
| Key Management Personnel  |                                                         |                                                        |     |           |  5,005 |     |           |     1,493 |     |            | (3,095   | ) |     |             |       — |   |     |         |     3,403 |
|                           |                                                         | Total                                                  |     |         W | 50,634 |     |           | 1,494,529 |     |            | (370,536 | ) |     |             | (32,229 | ) |     |         | 1,142,398 |

| (*1) | The effect on changes in allowance for credit loss is included. |

F-3 22

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of won) December 31, 2023 and 2024

| 50. | Interests in unconsolidated structured entities |

| (a) | The nature and extent of interests in unconsolidated structured entities |

The Group involved in assets-backed securitization, structured financing, beneficiary certificates (primarily investment funds) and other structured entities and characteristics of these structured entities are as follows:

|                              |     | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Assets-backed securitization |     | Securitization vehicles are established to buy assets from originators and issue asset-backed securities in order to facilitate the originators’ funding activities and enhance their financial soundness. The Group is involved in the securitization vehicles by purchasing (or committing to purchase) the asset-backed securities issued and/or providing other forms of credit enhancement.                                                                                                                                                                                                                                               
 The Group does not consolidate a securitization vehicle if (i) the Group is unable to make or approve decisions as to the modification of the terms and conditions of the securities issued by such vehicle