SHG Shinhan Financial Group Co Ltd

1. Class and Number of Shares to be Cancelled

Common shares

7,130,124

Preferred shares

-

2. Total Number of Shares Issued

Common shares

509,393,214

Preferred shares

-

3. Face Value per Share

KRW 5,000

4. Estimated Amount to be Cancelled

KRW 400,000,000,000

5. Scheduled Period of Acquisition of Treasury Shares
for Cancellation

From

October 28, 2024

To

April 27, 2025

6. Acquisition Method of Treasury Shares to be Cancelled

  Purchase on the stock exchange(KRX)

7. Scheduled Date of Cancellation

To be determined

8. Date of resolution by the board of directors

October 25, 2024

•

Pursuant to Paragraph 1 of Article 343 of the Korean Commercial Code, the above share cancellation will proceed within the limit of profits available for dividends. While the number of shares issued will decrease, the total capital amount will not change due to the share cancellation.

•

The above "4. Estimated amount of to be cancelled" is based on the estimated amount of cancellation of treasury shares approved by the resolution of the board of directors of Shinhan Financial Group. Of the 400 billion KRW worth of treasury shares to be acquired for this cancellation, approximately 250 billion KRW is expected to be acquired by December 31, 2024, and the remaining approximately 150 billion KRW will be acquired within the first quarter of 2025.

•

The above “1. Class and Number of Shares to be Cancelled – Common shares” and “4. Estimated Amount to be Cancelled” are calculated using the closing share price of common shares of SFG on October 24, 2024 (one day prior to this announcement). The actual number of shares to be cancelled is subject to change depending on share price fluctuation.

•

SFG plans to cancel the treasury shares following the completion of the acquisition of the treasury shares. For detailed information regarding acquisition of the treasury shares, please refer to another Form 6-K announcement of SFG in respect of entering into trust contract for acquisition of the treasury shares made on the date hereof.

Shinhan Financial Group Co., Ltd.

(Registrant)

Date: October 25, 2024

By:

/s/ CHUN Sang-yung

Name: CHUN Sang-yung

Title: Chief Financial Officer