GungHo Online Entertainment, Inc. (TSE:3765) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 4.27% of its issued share capital for ?5,000 million. The purpose of the program is to acquire and cancel treasury stock in order to improve shareholder interests by implementing agile capital policies and improving capital efficiency in response to changes in the business environment. The program is valid till December 23, 2021. As of September 30, 2021, the company had 65,587,304 shares issued (excluding treasury stock) and more than 29,623,012 shares in treasury.