ESTsoft Corp. (KOSDAQ:A047560) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value through stock price stabilization.

The program will be valid until November 11, 2022. As of May 11, 2022, the company had 1,322,068 shares in treasury within scope available for dividend and no shares in treasury through other repurchase.