Kukdong Oil & Chemicals Co., Ltd. (KOSE:A014530) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares for a total of KRW 4,128 million, which is based on the closing price of KRW 3,440 per share on February 27, 2017. The actual repurchase number of shares and the amount may change according to the hereafter stock price change. The company will repurchase its shares directly through the Stock Exchange. The purpose of the program is to stabilize the share price and enhance the shareholders’ value. The maximum number of shares that the company may repurchase on any day is 120,000 shares. The program is valid until June 5, 2017. As of February 27, 2017, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.