Gunkul Engineering Public Company Limited (SET:GUNKUL) announces a share repurchase program. Under the program, the company will repurchase up to 380,000,000 shares for a total of THB 1,120 million. The repurchase price will not exceed the average closing price of 5 days, prior to each repurchase date plus 15% of such average closing price.

The purpose of the program is to maximize benefit from the company?s excess liquidity management, to increase the chance of a return rate and to signal strong financial position of the company. The program will be valid till May 15, 2024.