Shinhan Financial Group (SHG) updates KRW 499.9B treasury share cancellation

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. is updating details of its planned cancellation of treasury shares after completing a share repurchase program on July 10, 2026. The company now plans to cancel 5,204,122 common shares, with an estimated book-value amount of KRW 499,999,905,050. Following this adjustment, the total number of shares issued is stated as 474,654,361, reflecting a prior cancellation of 10,840,573 treasury shares on February 6, 2026. The share cancellation is scheduled for July 15, 2026 under Article 343-1 of the Korea Commercial Act and will not reduce Shinhan Financial Group’s paid-in capital.

Insights

Banking equity analyst

Shinhan updates a sizeable share cancellation, modestly tightening equity.

Shinhan Financial Group is confirming parameters for cancelling 5,204,122 treasury shares, tied to a completed repurchase program. The stated book-value basis of about KRW 499,999,905,050 indicates a meaningful capital management action, though the filing does not quantify its proportion of total equity.

The firm notes prior cancellation of 10,840,573 shares in February 2026 and clarifies that under Article 343-1 of the Korea Commercial Act, this cancellation uses profits available for dividends, so paid-in capital remains unchanged. Investors can treat this as an update that reinforces an existing capital return framework rather than a new strategic shift.

Key Figures

Shares to be cancelled: 5,204,122 common shares Estimated amount to be cancelled: KRW 499,999,905,050 Total shares issued: 474,654,361 +2 more

5 metrics

Shares to be cancelled 5,204,122 common shares Class and number of shares to be cancelled

Estimated amount to be cancelled KRW 499,999,905,050 Book-value basis for cancellation of treasury shares

Total shares issued 474,654,361 Total number of shares issued after reflecting February 6, 2026 cancellation

Prior shares cancelled 10,840,573 shares Treasury stock cancelled on February 6, 2026

Scheduled cancellation date July 15, 2026 Planned date for cancellation of 5,204,122 treasury shares

Key Terms

treasury shares, paid-in capital, profits available for the payment of dividends, Article 343-1 of the Korea Commercial Act

4 terms

treasury shares financial

"The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

paid-in capital financial

"there will be no reduction in the paid-in capital of Shinhan Financial Group"

Paid-in capital is the cash and other assets shareholders have given a company in exchange for its stock, including amounts paid above the stock’s nominal value. Investors care because it shows how much funding came directly from owners rather than from borrowing or profits, affecting the company’s financial cushion, ownership dilution and how resilient it may be in tough times — like the extra money people pay above a ticket price to support a project they believe in.

profits available for the payment of dividends financial

"within the limits of profits available for the payment of dividends"

Article 343-1 of the Korea Commercial Act regulatory

"Legal basis for the cancellation of treasury shares: Article 343-1 of the Korea Commercial Act"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/10/2026 - 06:22 AM Accepted by SEC EDGAR 07/10/2026 - 06:21 AM Learn about SEC filing dates

FAQ

What share cancellation did Shinhan Financial Group (SHG) disclose in this Form 6-K/A?

Shinhan Financial Group disclosed it plans to cancel 5,204,122 common shares of treasury stock. This reflects completion of its share repurchase program on July 10, 2026 and updates earlier cancellation details.

What is the estimated amount of Shinhan Financial Group (SHG) shares to be cancelled?

The estimated amount of shares to be cancelled is KRW 499,999,905,050 on a book-value basis. This figure relates to the planned cancellation of 5,204,122 treasury common shares.

How many total shares are issued by Shinhan Financial Group (SHG) after reflecting prior cancellations?

Total shares issued are stated as 474,654,361. This figure has been amended to reflect the cancellation of 10,840,573 treasury shares that occurred on February 6, 2026.

When is Shinhan Financial Group (SHG) scheduled to cancel the 5,204,122 treasury shares?

The scheduled date to cancel the 5,204,122 treasury shares is July 15, 2026. The company notes this date may change depending on discussions with related institutions.

Will Shinhan Financial Group’s (SHG) paid-in capital be reduced by this share cancellation?

No, paid-in capital will not be reduced. The cancellation is conducted under Article 343-1 of the Korea Commercial Act using profits available for dividends, so paid-in capital remains unchanged.

What legal basis does Shinhan Financial Group (SHG) cite for its treasury share cancellation?

The company cites Article 343-1 of the Korea Commercial Act as the legal basis. The cancellation concerns treasury shares acquired by board resolution within limits of profits available for dividend payments.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

———————————

FORM 6-K/A

———————————

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of July 2026

Commission File Number: 001-31798

———————————

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

———————————

20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)

———————————

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

Explanatory Note

This Form 6-K/A amends “Announcement on Cancellation of Shares” furnished on Form 6-K by Shinhan Financial Group (hereafter “SFG”) on February 5, 2026.

The amendment is to correct ‘1. Class and Number of Shares to be Cancelled’, ‘2. Total Number of Shares Issued’, ‘4. Estimated Amount to be Cancelled’, and ‘7. Scheduled Date of Cancellation’ as SFG completed its share repurchase program on July 10, 2026. All other information in the announcement dated February 5, 2026 remain unchanged.

1. Class and Number of Shares to be Cancelled		Common shares		5,204,122
2. Total Number of Shares Issued				474,654,361
4. Estimated Amount to be Cancelled				KRW 499,999,905,050
7. Scheduled Date of Cancellation				July 15, 2026

* The above "2.Total Number of Shares Issued" has been amended to reflect the cancellation of 10,840,573 shares of treasury stock on February 6, 2026. For further details, please refer to the Form 6-K submitted to Edgar system on January 30, 2026.

** The above "4. Estimated amount to be cancelled (KRW)" is the current book value basis. For detailed information on the acquisition of treasury stocks, please refer to the result report of Trust Agreement for Acquisition of Treasury Stock.

*** The above "7. Scheduled date of cancellation" may change depending on discussions with related institutions.

**** Legal basis for the cancellation of treasury shares: Article 343-1 of the Korea Commercial Act. The cancellation of these shares constitutes the cancellation of treasury shares acquired pursuant to a resolution of the board of directors within the limits of profits available for the payment of dividends, and as such, there will be no reduction in the paid-in capital of Shinhan Financial Group.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				Shinhan Financial Group Co., Ltd.
				(Registrant)
Date: July 10, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer