The Board of Directors of Kyungchang Industrial Co. Ltd. (KOSE:A024910) authorized a share repurchase program on December 18, 2012. Under the program, the company will repurchase up to 2,000,000 shares for KRW 9.36 billion based on the closing price of December 17, 2012. The company will make repurchases within ±5% of closing price of the day or within upper lowest price range of the day. The repurchases will be done through block trading. The purpose behind the program is to protect the shareholders through stabilization of stock price. Korean Development Bank held 2,000,000 shares. Repurchases will commence on December 19, 2012 and will continue until March 18, 2013. As of December 17, 2012, the company has 277,400 shares in treasury under direct ownership and no shares in treasury under trust agreement. Daewoo Securities Co. Ltd. acted as the broker to the company.

Kyungchang Industrial Co. Ltd. completed its share repurchase program on January 18, 2013. Under the plan, the company repurchased 2,000,000 shares for KRW 10.01 billion.