HyVision System. Inc (KOSDAQ:A126700) 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 IBK Investment & Securities.

The purpose of the share repurchase is to stabilize stock prices improve shareholder value. The repurchase program will expire on July 22, 2024. As of January 22, 2024, the company had 2,103,086 shares within scope available for dividend and had no shares in treasury through other repurchase.