Shinhan Financial Group (NYSE: SHG) sets KRW 700B treasury share buyback

Rhea-AI Filing Summary

Shinhan Financial Group’s board resolved on July 23, 2026 to acquire treasury shares within profits available for dividends. The planned treasury share acquisition is estimated at KRW 700,000,000,000, to be carried out between July 31, 2026 and October 22, 2026.

The resolution is based on an upper limit of profits available for dividends of KRW 4,125,086,052,382 under the Korean Commercial Code, after considering prior treasury share acquisitions and dividend decisions, resulting in a calculated limitation on the acquisition price of treasury shares of KRW 2,658,828,701,042.

Key Figures

Estimated treasury share acquisition amount: KRW 700,000,000,000 Treasury share acquisition period: July 31, 2026 - October 22, 2026 Upper limit of profits available for dividends: KRW 4,125,086,052,382 +4 more

7 metrics

Estimated treasury share acquisition amount KRW 700,000,000,000 Planned size of treasury share acquisition resolved on July 23, 2026

Treasury share acquisition period July 31, 2026 - October 22, 2026 Scheduled window for executing treasury share purchases

Upper limit of profits available for dividends KRW 4,125,086,052,382 Profits available for dividends as of end of previous fiscal year

Acquired amount of treasury shares after previous fiscal year end KRW 700,004,688,140 Treasury shares acquired after the prior fiscal year end

Dividends and related earned profit reserve (AGM) KRW 417,502,236,800 Amount decided at annual general meeting after previous fiscal year end

Interim/quarterly dividends and earned profit reserves KRW 348,750,426,400 Amount decided by board after previous fiscal year end

Limitation on acquisition price of treasury shares KRW 2,658,828,701,042 Calculated limit based on profits available for dividends and related adjustments

Key Terms

treasury shares, profits available for dividends, earned profit reserve, interim/quarterly dividends, +1 more

5 terms

treasury shares financial

"resolved to acquire treasury shares within the profits available for dividend"

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.

profits available for dividends financial

"within the profits available for dividend"

earned profit reserve financial

"Amount of 'dividends' and related 'earned profit reserve' decided"

interim/quarterly dividends financial

"Amount of 'interim/quarterly dividends' and related 'earned profit reserves'"

Korean Commercial Code regulatory

"in accordance with the Korean Commercial Code as of the end"

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

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Available on EDGAR 07/23/2026 - 07:41 AM Accepted by SEC EDGAR 07/23/2026 - 07:41 AM Learn about SEC filing dates

FAQ

What did Shinhan Financial Group (SHG) approve regarding treasury shares in July 2026?

Shinhan Financial Group’s board approved acquiring treasury shares within profits available for dividends. The resolution, dated July 23, 2026, authorizes an estimated KRW 700,000,000,000 in treasury share purchases during a defined period in the second half of 2026.

How large is the planned treasury share acquisition for SHG in KRW?

The board approved an estimated KRW 700,000,000,000 in treasury share acquisitions. This amount will be used to buy Shinhan Financial Group’s own shares, subject to limits calculated from profits available for dividends and other post–fiscal year-end distributions.

What is the scheduled period for SHG’s 2026 treasury share buyback?

The scheduled period for acquiring treasury shares is from July 31, 2026 to October 22, 2026. Purchases are intended to occur within this window, in line with the board’s July 23, 2026 resolution and the applicable Korean Commercial Code constraints.

What is the maximum limit on SHG’s treasury share acquisition price?

The resolution calculates a limitation on the acquisition price of treasury shares of KRW 2,658,828,701,042. This figure reflects profits available for dividends, less prior treasury purchases and dividend-related reserves, in accordance with the Korean Commercial Code framework.

How do dividends and reserves affect SHG’s ability to acquire treasury shares?

Dividend decisions and related earned profit reserves reduce the amount available for acquiring treasury shares. Post–fiscal year-end, amounts for annual and interim/quarterly dividends are deducted when calculating the remaining profits that can be used to fund treasury share purchases.

What profits base underpins SHG’s 2026 treasury share program?

The program references an upper limit of KRW 4,125,086,052,382 in profits available for dividends. From this, prior treasury share acquisitions and dividend-related amounts are reflected to determine the remaining capacity for treasury share purchases under the Korean Commercial Code.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

———————————

FORM 6-K

———————————

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 

Announcement on Acquisition of Treasury Shares

On July 23, 2026, the board of directors of Shinhan Financial Group (hereafter “SFG”) resolved to acquire treasury shares within the profits available for dividend. The details are as follows:

1. Number of Shares to be Acquired: 6,698,564 common shares

2.	Estimated Amount of Shares to be Acquired: KRW 700,000,000,000
3.	Scheduled Acquisition Period: July 31, 2026 - October 22, 2026

4. Estimated Holding Period: -

5. Purpose of Acquisition: To enhance shareholder return and increase corporate value through the acquisition and cancellation of treasury shares.

6. Method of Acquisition: Purchase on the stock exchange (KRX)

7. Entrusted Brokerage Company: Shinhan Securities Co., Ltd.

8. Treasury Shares Holdings as of July 23, 2026: -Other Acquisition: 1 common share

9. Date of resolution by the board of directors: July 23, 2026

10. Limit of Buying Order per day: 669,856

11. Other Considerations - The decision to acquire treasury shares is intended to enhance shareholder return in accordance with the SFG’s 2026 Corporate Value-Up Plan disclosed on April 12, 2026. - The above ‘1. Number of Shares to be Acquired’ was calculated by dividing the planned acquisition amount by the closing price of common shares of SFG as of the day prior to the resolution of the board of directors (July 22, 2026: KRW 104,500). The actual number and amount of shares to be acquired are subject to change depending on future changes in share price. - The above ‘2. Estimated Amount of Shares to be Acquired’ is based on the amount resolved by the board of directors on the date hereof. Following the completion of the current treasury stock acquisition, SFG plans to review the possibility of an additional share repurchase during this year under the 2026 Corporate Value-Up Plan to further enhance shareholder value. - The above ‘4. Estimated Holding period’ may change depending on the financial conditions, market environment, or other business factors. As the treasury shares acquired pursuant to this decision are intended for cancellation, SFG plans to cancel all treasury shares acquired during the acquisition period after completion of the acquisition within the above ‘3. Scheduled Acquisition Period.’ - The above ‘8. Treasury Shares Holdings – Other Acquisition’ represents a fractional share acquired in connection with the Company's previous comprehensive share exchange. Pursuant to Article 341-4 of the Korean Commercial Act (effective March 6, 2026), treasury shares held by a company must be cancelled within one year of acquisition. Accordingly, the Company's one treasury share acquired as a fractional share will be cancelled together with the treasury shares acquired pursuant to this decision.

- The above ‘10. Limit of buying order per day’ is the lower of [the higher of ① and ②] and ③.

110 % of the number of treasury shares to be acquired reported by this announcement: 669,856 common shares.

225% of the daily average trading volume for the last one-month period: 363,960 common shares.

31% of total issued and outstanding shares: 4,694,502 common shares

* Limit of Acquiring Treasury Shares
(Unit: KRW)
Items		Amount
1. Upper limit of profits available for dividends in accordance with the Korean Commercial Code as of the end of the previous fiscal year			4,125,086,052,382
2. Acquired amount of treasury shares after previous fiscal year end			700,004,688,140
3. Amount of 'dividends' and related 'earned profit reserve' decided at annual general meeting of shareholders after previous fiscal year end			417,502,236,800
4. Amount of 'interim/quarterly dividends' and related 'earned profit reserves' decided by board of directors after previous fiscal year end			348,750,426,400
5. Amount of trust contract			-
6. Acquisition cost of treasury stock sold after previous fiscal year end (moving average method)			-
Limitation on the acquisition price of treasury shares (1-2-3-4-5+6)			2,658,828,701,042

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 23, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer