A stock purchase agreement has been executed to change Lotte Non-Life Insurance's largest shareholder from a private company to Shinhan Financial Group.

The largest shareholder of Lotte Non-Life Insurance, a private company, has executed a stock purchase agreement to sell 239,082,287 ordinary shares (approximately 77.04% of total issued shares) to Shinhan Financial Group. The purchase price is approximately KRW 693.3 billion. The transaction is expected to close after satisfaction of conditions precedent, including approvals from relevant authorities under applicable laws, and the purchase price and other terms may change during performance of the agreement.

1. 01

   The current largest shareholder, a private company, has agreed to sell all of its ordinary shares in Lotte Non-Life Insurance (approximately 77.04%) to Shinhan Financial Group.

2. 02

   The purchase price is approximately KRW 693.3 billion.

3. 03

   The transaction is expected to close after satisfaction of conditions precedent, including approvals from relevant authorities under applicable laws.

4. 04

   The purchase price and other terms may change during the performance of the stock purchase agreement.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Shares subject to purchase

239,082,287 ordinary shares (approximately 77.04% of total issued shares)

Purchase price

KRW 693.3 billion

Filing facts

Filing type

Material Management Information

Report name

Material Management Information for Investment Decisions

Filed

Oct 13, 2026

Receipt number

20261013800179