Manho Rope & Wire Co., Ltd. (KOSE:A001080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,600 million worth of its shares, pursuant to a contract with Korea Investment & Securities. The purpose of the program is stability of stock price and raising of shareholder value.

The program will expire on November 19, 2028. As of November 16, 2023, the company had 1,206,137 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.