Asia Paper Manufacturing. Co., Ltd (KOSE:A002310) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value and to stabilize stock price.

The program will expire on January 9, 2025. As of January 8, 2023, the company had 437,292 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.