Daechang Forging Co., Ltd. (KOSE:A015230) 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 Mirae Asset Securities. The purpose of the program is to stabilize stock price and improve the shareholder value.

The program will expire on October 21, 2024. As of April 15, 2024, the company had 2,659,246 shares in treasury within scope available for dividend and had 12,270 shares in treasury under other capacities.