The Board of Directors of Hwashin Precision Co Ltd. (KOSE:A126640) authorized a share repurchase program on September 26, 2011. Under the program, the company will repurchase up to KRW 2 billion worth own shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on September 27, 2011 and will continue until March 27, 2012. As of September 25, 2011, the company has 18,027 shares under direct ownership of treasury stock.

On March 27, 2012, the company announced that it has extended the program till September 26, 2012.

As of December 26, 2011, the company has repurchased 425,925 shares for KRW 630.73 million. Samsung Securities Co., Ltd. acted as the broker to the company for the buyback.

Hwashin Precision Co Ltd.'s share repurchase program expired on September 26, 2012.