Aurora World Corp. (KOSDAQ:A039830) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for a total of KRW 2,290 million, which is based on the closing price of KRW 11,450 per share on April 7, 2016.

The company will repurchase its shares through securities market. The purpose of the share repurchase program is to improve shareholder value and to stabilize stock price. The maximum number of shares that the company may repurchase on any day is 20,000 shares.

The actual repurchase number of shares and the amount may change according to the hereafter stock price change. The share repurchase program is valid until May 11, 2016. As of April 7, 2016, the company had 233,203 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.