The shareholders of Haitai Confectionery and Foods Co. Ltd. authorized a share repurchase program at its General Meeting on March 28, 2013. Under the plan, the company will repurchase up to 1,750,000 shares, representing 7.3% of its issued share capital, at a price of KRW 15,583.2 per share, for a total cost of KRW 27.27 billion.

The repurchases will be made off market. The purpose of the plan is enhancing shareholder's value. The plan will expire on May 2, 2013.

As of March 27, 2013, the company has 1,100,000 shares in treasury.