PHA Co., Ltd. (KOSDAQ:A043370) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Hyundai Motor Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on March 14, 2024.

As of September 12, 2023, the company had 462,263 shares in treasury within scope available for dividend and had 1,175 shares in treasury through other repurchase.