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 contract with Samsung Securities Co., Ltd. The purpose of the share repurchase is stock price stability and shareholder value enhancement. The repurchase program will expire on December 15, 2022.

As of June 14, 2022, the company had 3,720,307 shares within scope available for dividend and had no shares in treasury through other repurchase.