Dongil Steel Mfg. Co.,Ltd. (KOSE:A002690) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its own shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price.

The repurchase program will expire on August 31, 2024. As of August 30, 2023, the company had 514,900 treasury shares within scope available for dividend and no shares in treasury through other repurchase.