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 and to stabilize the stock price.

The program will expire on January 3, 2023. As of July 3, 2022, the company had 1,498,438 shares in treasury within scope of allotment and had no shares in treasury through other acquisitions.