Manho Rope & Wire Co., Ltd. (KOSE:A001080) announces a share repurchase program. Under the program, the company will repurchase up to KRW 8,500 million worth of its shares, pursuant to a contract with Hana Securities. The purpose of the program is stability of stock price and raising of shareholder value.

The program will expire on April 2, 2033. As of March 19, 2023, the company had 1,257,143 shares in treasury within scope available for dividend and had no shares in treasury under other capacities.