GnBS Engineering Co.LTD. (KOSDAQ:A382800) 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 Shinhan Investment Co., Ltd. The purpose of the share repurchase is to enhance shareholder value with price stabilization. The repurchase program will expire on June 15, 2022.

As of December 14, 2021, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.