Shinhan Financial (NYSE: SHG) plans 5.5M-share treasury cancellation

Rhea-AI Filing Summary

Shinhan Financial Group Co., Ltd. reports that its board approved the cancellation of 5,537,098 common treasury shares, with an estimated cancellation amount of KRW 500,000,000,000.

The company plans to acquire these shares for cancellation on the Korea Exchange from February 9, 2026 to July 10, 2026, with the exact cancellation date to be determined. The resolution was adopted on February 5, 2026, and applies only to common shares; no preferred shares are involved.

Insights

Equity analyst

Shinhan plans a large treasury share cancellation funded by open-market purchases on the Korea Exchange.

Shinhan Financial Group has authorized cancellation of 5,537,098 common treasury shares with an estimated value of KRW 500,000,000,000. The resolution, adopted on February 5, 2026, covers only common stock and excludes preferred shares.

The shares are to be acquired on the Korea Exchange between February 9, 2026 and July 10, 2026, using stock-exchange purchases. This structure ties the actual cancellation scale and timing to trading activity within that window and the company’s execution of the acquisition plan.

The specific cancellation date is still “to be determined,” so execution details will depend on when purchases are completed and when the company finalizes the formal share reduction. Subsequent disclosures may clarify completion of the acquisition period and the effective cancellation date.

Form 6-K: How Foreign Companies Report to the SEC →

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 February 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 February 5, 2026, the board of directors of Shinhan Financial Group Co., Ltd. (hereafter “SFG”) resolved to cancel the treasury shares to be acquired pursuant to the announcement on Form 6-K dated February 5, 2026.

1. Class and Number of Shares to be Cancelled				Common shares			5,537,098
				Preferred shares			-
2. Total Number of Shares Issued				Common shares			485,494,934
				Preferred shares			-
3. Face Value per Share				KRW 5,000
			4. Estimated Amount to be Cancelled						KRW 500,000,000,000
5. Scheduled Period of Acquisition of Treasury Shares for Cancellation						From		February 9, 2026
					To		July 10, 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				February 5, 2026

9. Other considerations:

• Pursuant to Paragraph 1 of Article 343 of the Korean Commercial Code, the above share cancellation will proceed within the limit of profits available for dividends. While the number of shares issued will decrease, the total capital amount will not change due to the share cancellation.

• The above “1. Class and Number of Shares to be Cancelled – Common shares” and “4. Estimated Amount to be Cancelled” are calculated using the closing price(KRW 90,300) of common shares of SFG on February 4, 2026 (one day prior to this announcement). The actual number of shares to be cancelled is subject to change depending on share price fluctuation and will be disclosed before 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: February 5, 2026				By:		/s/ JANG Jeong Hoon
				Name: JANG Jeong Hoon
				Title: Chief Financial Officer

FAQ

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

Shinhan Financial Group approved cancelling 5,537,098 common shares. The board resolution on February 5, 2026 authorizes cancellation of these treasury shares, targeting an estimated amount of KRW 500,000,000,000, and applies only to common stock, with no preferred shares included.

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

Shinhan plans to acquire shares for cancellation from February 9 to July 10, 2026. During this window, the company intends to buy common shares on the Korea Exchange, which will later be cancelled following completion and finalization of the process.

How will Shinhan Financial Group (SHG) acquire the shares to be cancelled?

Shinhan will acquire the shares through stock exchange purchases on the Korea Exchange. The plan specifies using open-market buying on KRX between February 9, 2026 and July 10, 2026 to accumulate the 5,537,098 common shares designated for cancellation.

What is the estimated amount of Shinhan Financial Group’s (SHG) share cancellation?

The estimated amount tied to the share cancellation is KRW 500,000,000,000. This figure relates to cancelling 5,537,098 common shares, each with a face value of KRW 5,000, under the board-approved treasury share cancellation plan.

What are Shinhan Financial Group’s (SHG) total issued common shares before cancellation?

Total issued common shares are 485,494,934 before the planned cancellation. This figure reflects the company’s common share capital base ahead of acquiring and cancelling 5,537,098 treasury shares under the 2026 board resolution.

Has Shinhan Financial Group (SHG) set the exact cancellation date for the shares?

The exact date of cancellation has not yet been determined. The board resolution specifies that the company will first acquire shares on the Korea Exchange through July 10, 2026, with the formal cancellation date to be set later.