Corporate Group Status Correction: Addition of Share Pledge for Affiliate Shinhan Green Energy – Including Financial Structure and Major Internal Transactions
Correction item: Addition of share pledge on 45,517,744 shares of Shinhan Green Energy Co., Ltd. to the guarantee provision status among affiliates. Guarantee balance is KRW 0 (impairment loss recognized), reason being collateral provision for lenders under refinancing loan agreement.
Financial status (as of end of previous fiscal year): Total assets KRW 13.725 trillion, debt ratio 136.89% (debt KRW 7.931 trillion, equity KRW 5.793 trillion), net profit KRW 513.8 billion, operating profit KRW 854.6 billion.
Major shareholders: Largest shareholder POSCO Holdings 70.71%, treasury shares 3.11%, other shareholders 26.15%.
Affiliate changes: 28 new entries since last year's designated date (including PT. PRIME AGRI RESOURCES TBK and its 24 subsidiaries), 1 exit (sale of SUZHOU POSCO-CORE TECHNOLOGY CO., LTD.).
Key board resolutions (Jun 2025 – Mar 2026): Interim dividend, CVC Fund 1 formation, acquisition of Samcheok Blue Power shares, participation in Alaska LNG project, acquisition of Indonesian palm oil company. All passed unanimously with full attendance of outside directors.
Shareholder meeting: Adoption of cumulative voting system (amendment of articles) at 26th AGM, electronic voting implemented (general shareholder voting ratio 14.26%).
Debt guarantees (end of previous quarter): Total guarantee balance for overseas affiliates KRW 469.788 billion (AGPA, POSCO INTERNATIONAL JAPAN, Mexico e-Mobility, etc.).
Intra-group transactions: Sales of goods/services to related parties KRW 971.766 billion, overseas affiliate sales KRW 12.907 trillion. Major counterparties: POSCO (KRW 664.399 billion), POSCO INTERNATIONAL AMERICA (KRW 2.270 trillion), etc.
Logistics/IT service transactions: LNG storage and delivery service sales to domestic affiliates KRW 70.953 billion.
[AI Comprehensive Analysis]This disclosure is a routine correction and periodic report; the addition of the guarantee for Shinhan Green Energy has no material financial impact as the recognized impairment loss results in zero balance. Overall, it is a standard disclosure with no direct influence on stock price.
KOSPI Filing Information
Filing: [Correction of Description] Large Business Group Status Disclosure [Annual Disclosure and for 1st Quarter (Individual Company)]