Raphas Co., Ltd. (KOSDAQ:A214260) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and enhance shareholder value. The program will expire on August 14, 2024.

As of February 14, 2024, the company had 340,000 shares in treasury within scope available for dividend and no shares in treasury under other acquisitions.