Hecto Innovation Co., Ltd. (KOSDAQ:A214180) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on December 27, 2023. As of June 27, 2023, the company had 510,321 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.