HWASEUNG Industries Co.,Ltd. (KOSE:A006060) 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 trust contract with Samsung Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the stock price and enhance shareholder value. The repurchase program will continue until August 16, 2022.

As of February 15, 2022, the company had 2,804,882 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.