Shinhan Financial Group (NYSE: SHG) lets treasury share trust expire after buyback

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. reports that the trust agreement it entered into on February 9, 2026 to acquire treasury shares has been terminated upon expiration on July 10, 2026, without requiring a separate board resolution under Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea. The trust acquired 5,204,122 treasury shares, which will be kept in the company’s corporate account. Before this termination, Shinhan Financial Group held a total of 5,204,123 treasury shares, representing 1.1% of the total shares issued, including 1 fractional share acquired for other reasons during prior comprehensive stock exchange processes.

Insights

Equity Capital Management Analyst

Share buyback trust expired; treasury shares consolidated on Shinhan’s balance sheet.

Shinhan Financial Group allowed its trust agreement for acquiring treasury shares, dated February 9, 2026, to expire on July 10, 2026. The total contract amount before termination was 500,000,000,000, and the termination is described as an expiration of the term, not an early cancellation.

The arrangement resulted in the acquisition of 5,204,122 treasury shares, now held in the corporate account. Including one fractional share from earlier transactions, treasury holdings equal 1.1% of issued shares. This represents a modest capital management step rather than a transformative change, and no new board action was required due to the automatic nature of the expiry.

Key Figures

Treasury shares acquired under trust: 5,204,122 shares Total treasury shares before termination: 5,204,123 shares Treasury share holding ratio: 1.1% +3 more

6 metrics

Treasury shares acquired under trust 5,204,122 shares Number of treasury shares acquired upon termination of the trust agreement

Total treasury shares before termination 5,204,123 shares Total treasury shares held, representing 1.1% of issued shares, before trust termination

Treasury share holding ratio 1.1% Treasury shares as a percentage of total shares issued before termination

Total contract amount before termination 500,000,000,000 Total contract amount of the treasury share trust before its expiration

Trust effective date February 9, 2026 Start date of the trust agreement for acquisition of treasury shares

Trust termination date July 10, 2026 Scheduled termination date of the trust agreement upon expiration of its term

Key Terms

treasury shares, trust agreement, Financial Investment Services and Capital Markets Act of Korea, comprehensive stock exchange process, +1 more

5 terms

treasury shares financial

"the trust agreement SFG had entered into on February 9, 2026 to acquire treasury shares has been terminated"

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.

trust agreement financial

"the trust agreement SFG had entered into on February 9, 2026 to acquire treasury shares has been terminated"

A trust agreement is the written contract that creates a trust and spells out who will manage specified assets, who benefits, and the rules for how those assets are handled and distributed. For investors it matters because the agreement determines control, timing of payments, protection of assets, and who is responsible if something goes wrong—much like a detailed recipe and set of house rules that guide how money or property is used and safeguarded.

Financial Investment Services and Capital Markets Act of Korea regulatory

"Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea"

comprehensive stock exchange process financial

"fractional shares acquired during the comprehensive stock exchange process (Orange Life, Neoplux, etc.)"

Article 341-2 regulatory

"pursuant to Article 341-2(Acquisition of treasury stocks for a specific purpose) of the Korean Commercial Act"

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

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FAQ

What did Shinhan Financial Group (SHG) disclose about its treasury share trust?

Shinhan Financial Group disclosed that its trust agreement, entered into on 9 February 2026 to acquire treasury shares, terminated upon expiration on 10 July 2026, consolidating the acquired treasury shares into the company’s corporate account.

How many treasury shares did Shinhan Financial Group (SHG) acquire under the terminated trust?

Under the terminated trust agreement, Shinhan Financial Group acquired 5,204,122 treasury shares. These shares will be kept in the company’s corporate account following the expiration of the trust on 10 July 2026.

What percentage of its issued shares does Shinhan Financial Group (SHG) hold as treasury stock?

Before termination of the trust, Shinhan Financial Group held 5,204,123 treasury shares, representing 1.1% of the total number of shares issued, including one fractional share from previous stock exchange transactions.

Was a board resolution required for Shinhan Financial Group (SHG) to terminate the treasury share trust?

No board resolution was required. Shinhan Financial Group states that, under Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, the trust terminated automatically upon expiration of its term.

What was the total contract amount of Shinhan Financial Group’s (SHG) treasury share trust?

The total contract amount of the treasury share trust before termination was 500,000,000,000. After the scheduled termination on 10 July 2026, the contract amount is shown as zero, reflecting the agreement’s expiry.

Who was the counterparty to Shinhan Financial Group’s (SHG) treasury share trust agreement?

The counterparty to the treasury share trust agreement was NH Investment & Securities. The contract was effective from 9 February 2026 and terminated on 10 July 2026 upon expiration of its stated term.

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 

Termination of Trust Agreement for Acquisition of Treasury Shares

Shinhan Financial Group (hereafter SFG) announced on July 10, 2026 that the trust agreement SFG had entered into on February 9, 2026 to acquire treasury shares has been terminated. Pursuant to Article 176-2 of the Enforcement Decree of the Financial Investment Services and Capital Markets Act of Korea, no separate resolution of the board of directors is required as the trust agreement is being terminated upon the expiration of the term of the agreement. The number of treasury shares acquired upon termination of the trust agreement is 5,204,122, which will be kept in Shinhan Financial Group’s corporate account. Before the termination of this trust agreement, the total number of treasury shares that SFG holds is 5,204,123, 1.1% of the total number of shares issued.

Total Contract Amount		Before Termination	500,000,000,000
		After Termination	0
Contract Period (Before Termination)		Effective Date	February 9, 2026
		Termination Date	July 10, 2026
Purpose of Termination			Expiration of the term of the Trust agreement
Counterparty			NH Investment & Securities
Scheduled Termination Date			July 10, 2026
Number of Treasury Stock Before Termination	Acquisitions within Profits Available for Dividends	Common Shares (Ratio)	5,204,122 (1.1%)
		Other Shares	-
	Acquisitions for Other reasons*	Common Shares (Ratio)	1 (0.0%)
		Other Shares	-
Date of Board Resolution (Decision date)			-

* The ‘Number of treasury stock before termination – Acquisitions for other reasons’ are fractional shares acquired during the comprehensive stock exchange process (Orange Life, Neoplux, etc.) pursuant to Article 341-2(Acquisition of treasury stocks for a specific purpose) of the Korean Commercial Act.

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