Mgame Corp. (KOSDAQ:A058630) announces a share repurchase program. Under the program, the company will repurchase up to $3,000 million worth of its shares according to the contract with DB Financial Investment Co., Ltd. The purpose of the program is stock price stability and shareholder value enhancement.

The program will expire on March 26, 2023. As of September 25, 2022, the company had 0 treasury stock holdings in acquisition within the scope of allotment and through other acquisition, respectively.