Kumho Petro Chemical Co.,Ltd (KOSE:A011780) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant to the contract with Mirae Asset Securities and Samsung Securities. The purpose of the program is to enhance shareholder value as part of a shareholder return policy.

The repurchase program will expire on September 12, 2024. As of March 5, 2024, the company had 55,248,834 shares in treasury with in the scope available for dividend and no shares in treasury through other repurchase.