Tesna Company Ltd. (KOSDAQ:A131970) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares for a total of KRW 1,003.2 million, which is based on the closing price of KRW 8,360 per share on July 17, 2016. The company will repurchase its shares directly through Korea Securities Dealers Automated Quotation 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 12,000 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 October 18, 2016. As of July 17, 2016, the company had no shares in treasury within scope available for dividend and had 90,859 shares in treasury through other repurchase.