Exhibit 99.1
Shinhan EZ General Insurance, Ltd. joined Shinhan Financial Group as a subsidiary
On June 30, 2022, Shinhan EZ General Insurance, Ltd. (“Shinhan EZ General Insurance”) joined Shinhan Financial Group as a direct subsidiary. Shinhan Financial Group acquired majority ownership (7,230,174 shares, 94.54%) of Shinhan EZ General Insurance for the final purchase price of KRW 41 billion, 0.11% of Shinhan Financial Group’s total assets as of fiscal year end 2021 on a separate basis. The total number of direct subsidiaries of Shinhan Financial Group after the addition of Shinhan EZ General Insurance is 17.
Period FY2021 | Total Asset | Total liabilities | Total equity | Share capital |
(in millions of KRW) | ||||
137,274 | 76,461 | 60,813 | 38,237 |