Posco Chemtech Company Ltd. (KOSDAQ:A003670) announces a share repurchase program. Under the program, the company will repurchase up to 285,245 shares, for a total of KRW 3,094.91 million. The company will repurchase its shares through securities market. The purpose of the share repurchase program is to stabilize the share price and employee Incentive payment. The maximum number of shares that the company may repurchase on any day is 28,524 shares. The share repurchase program is valid until October 20, 2016. As of July 19, 2016, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.