Brainzcompany Co., Ltd. (KOSDAQ:A099390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Samsung Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price.

The repurchase program will expire on January 11, 2023. As of July 11, 2022, the company had no shares within scope available for dividend and had 42,045 shares in treasury through other repurchase.