Shinhan Financial (NYSE: SHG) sets February 6 date to cancel 10.8M shares

Rhea-AI Filing Summary

Shinhan Financial Group is amending its earlier share cancellation notice after completing a share repurchase program on January 30, 2026. The group now plans to cancel 10,840,573 common shares, with an estimated book-value amount of KRW 799,999,984,300.

The cancellation is scheduled for February 6, 2026, although this date may change based on discussions with related institutions. The shares are treasury shares cancelled under Article 343-1 of the Korea Commercial Act, so the paid-in capital of Shinhan Financial Group will remain unchanged.

Insights

Equity Capital Structure Analyst

Shinhan retires treasury shares without altering paid-in capital.

Shinhan Financial Group plans to cancel 10,840,573 common shares of treasury stock with an estimated book value of KRW 799,999,984,300. This follows completion of its share repurchase program on January 30, 2026.

The cancellation is executed under Article 343-1 of the Korea Commercial Act, which allows retirement of treasury shares within distributable profits. The filing explicitly states there will be no reduction in paid-in capital, so the legal capital base stays intact despite the share reduction.

The scheduled cancellation date is February 6, 2026, subject to discussions with related institutions. Future company disclosures can clarify any change in timing or additional capital management measures related to this repurchase and cancellation framework.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

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Washington, DC 20549

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FORM 6-K/A

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REPORT OF FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of January 2026

Commission File Number: 001-31798

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SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant's name into English)

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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 July 25, 2025.

The amendment is to correct ‘1. Class and Number of Shares to be Cancelled’, ‘4. Estimated Amount to be Cancelled’, and ‘7. Scheduled Date of Cancellation’ as SFG completed its share repurchase program on January 30, 2026. All other information in the announcement dated July 25, 2025 remain unchanged.

1. Class and Number of Shares to be Cancelled		Common shares		10,840,573
4. Estimated Amount to be Cancelled				KRW 799,999,984,300
7. Scheduled Date of Cancellation				February 6, 2026

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

** The above "7. Scheduled retirement date" 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: January 30, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer

FAQ

What change does Shinhan Financial Group (SHG) disclose in this 6-K/A?

Shinhan Financial Group updates its prior share cancellation announcement. It now states it will cancel 10,840,573 common treasury shares after completing a repurchase program on January 30, 2026, revising the share count, estimated amount, and cancellation date.

How many shares will Shinhan Financial Group (SHG) cancel and of what type?

Shinhan Financial Group plans to cancel 10,840,573 common shares. These are treasury shares previously repurchased by the company and designated for retirement in accordance with Korean corporate law governing cancellation of shares within distributable profits.

What is the estimated amount of Shinhan Financial Group’s planned share cancellation?

The estimated amount of Shinhan Financial Group’s planned share cancellation is KRW 799,999,984,300. This figure is based on the current book value of the treasury shares being retired, rather than their market price, and reflects accounting valuation for the cancellation.

When is Shinhan Financial Group (SHG) scheduled to cancel the treasury shares?

Shinhan Financial Group has scheduled the cancellation of the treasury shares for February 6, 2026. The company notes this date may change depending on discussions with related institutions, so the timing is planned but not absolutely fixed.

Will Shinhan Financial Group’s paid-in capital change after this share cancellation?

Shinhan Financial Group states its paid-in capital will not be reduced by this share cancellation. The retirement is treated as cancellation of treasury shares acquired within limits of profits available for dividends under Article 343-1 of the Korea Commercial Act.

What legal basis allows Shinhan Financial Group (SHG) to cancel these treasury shares?

The cancellation is based on Article 343-1 of the Korea Commercial Act. This provision permits a company to retire treasury shares that were acquired by board resolution within distributable profits, ensuring the process does not reduce the paid-in capital recorded for the company.