Shinhan Financial Group (NYSE: SHG) to cancel 6,698,565 shares

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. resolved on July 23, 2026 to cancel 6,698,565 common shares, consisting of treasury shares to be acquired on the Korea Exchange. The estimated amount allocated for this cancellation is KRW 700,000,000,000. The company plans to purchase these shares on the stock exchange (KRX) from July 31, 2026 to October 22, 2026, after which the shares will be cancelled on a date yet to be determined. Total common shares issued were 469,450,239 before this action, with a face value of KRW 5,000 per share; this figure serves as a baseline and is not the number being cancelled.

Key Figures

Common shares to be cancelled: 6,698,565 shares Total common shares issued: 469,450,239 shares Face value per share: KRW 5,000 +4 more

7 metrics

Common shares to be cancelled 6,698,565 shares Treasury shares to be acquired for cancellation as resolved July 23, 2026

Total common shares issued 469,450,239 shares Total number of common shares issued before cancellation

Face value per share KRW 5,000 Par value of each share

Estimated cancellation amount KRW 700,000,000,000 Estimated amount allocated to acquire treasury shares for cancellation

Treasury share acquisition period start July 31, 2026 Scheduled start date to purchase treasury shares on KRX

Treasury share acquisition period end October 22, 2026 Scheduled end date to purchase treasury shares on KRX

Board resolution date July 23, 2026 Date the board approved the share cancellation plan

Key Terms

treasury shares, Cancellation of Shares, foreign private issuer, stock exchange(KRX)

4 terms

treasury shares financial

"cancel the treasury shares to be acquired"

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.

Cancellation of Shares financial

"Announcement on Cancellation of Shares"

foreign private issuer regulatory

"REPORT OF FOREIGN PRIVATE ISSUER"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

stock exchange(KRX) market

"Purchase on the stock exchange(KRX)"

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FAQ

What share cancellation did Shinhan Financial Group (SHG) approve in July 2026?

Shinhan Financial Group’s board approved the cancellation of 6,698,565 common shares on July 23, 2026. These shares are treasury shares to be acquired on the Korea Exchange before being cancelled, reducing the company’s outstanding common share count once the cancellation is executed.

How many SHG shares will be cancelled and what amount is allocated?

The plan covers the cancellation of 6,698,565 common shares with an estimated amount of KRW 700,000,000,000 allocated. This amount reflects the expected cost of acquiring treasury shares on the Korea Exchange ahead of their eventual cancellation.

Over what period will Shinhan Financial Group (SHG) acquire treasury shares for cancellation?

Shinhan Financial Group plans to acquire treasury shares for cancellation from July 31, 2026 to October 22, 2026. Purchases will be made on the Korea Exchange during this window, after which the acquired shares will be cancelled on a date still to be determined.

How does SHG’s planned share cancellation compare with its total issued common shares?

Before the planned cancellation, Shinhan Financial Group had 469,450,239 common shares issued. The board-approved cancellation targets 6,698,565 common shares drawn from treasury shares to be acquired, using the larger figure only as context for the company’s overall equity base.

What method will Shinhan Financial Group (SHG) use to acquire shares for cancellation?

Shinhan Financial Group will acquire the treasury shares for cancellation through purchases on the stock exchange (KRX). Transactions will occur between July 31 and October 22, 2026, with the specific share cancellation date to be set later by the company.

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 Cancellation of Shares

On July 23, 2026, the board of directors of Shinhan Financial Group Co., Ltd. (hereafter “SFG”) resolved to cancel the treasury shares to be acquired.

1. Class and Number of Shares to be Cancelled				Common shares			6,698,565
				Preferred shares			-
2. Total Number of Shares Issued				Common shares			469,450,239
				Preferred shares			-
3. Face Value per Share				KRW 5,000
			4. Estimated Amount to be Cancelled						KRW 700,000,000,000
5. Scheduled Period of Acquisition of Treasury Shares for Cancellation						From		July 31, 2026
					To		October 22, 2026
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				July 23, 2026

9. Other considerations:

• The cancellation of treasury shares resolved by the Board of Directors today, which are to be acquired within the limits of profits available for dividends, constitutes a share cancellation pursuant to Paragraph 1 of Article 343 of the Korean Commercial Code. While the number of shares issued will decrease, the total capital amount will not change due to the share cancellation.

• • Pursuant to Article 341-4 of the Korean Commercial Act (effective March 6, 2026), which requires a company to cancel treasury shares held by it within one year from the date of acquisition, SFG has resolved to cancel one treasury share acquired in the previous comprehensive share exchange, together with the treasury shares(6,698,564 shares) acquired under this decision. The above ‘1.Class and Number of Shares to be Cancelled’ represents the number of shares calculated by dividing the above ‘4.Estimated Amount to be Cancelled’ 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), and includes one treasury share acquired as a fractional share. The actual number of shares to be cancelled and cancellation amount may vary depending on changes in the share price during the acquisition period. SFG will disclose the final number of shares to be cancelled in a Form 6-K/A filing prior to the cancellation.

• 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 acquisition of the treasury shares made on the date hereof.

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