Osstem Implant Co., Ltd. (KOSDAQ:A048260) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with KB Securities. The purpose of the program is to increase shareholders value and acquisition stability. The program will expire on February 20, 2020. As of August 20, 2019, the company had 551,461 shares in treasury within the allowable range and no shares in treasury through other acquisition.