Saintmed Public Company Limited (SET:SMD) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 9.79% of its issued share capital, for THB 120 million. The share repurchase price will not exceed 115% of the average share closing price for 5 working days prior to the share repurchase date.

The purpose of the program is to ensure the company's excess liquidity management is conducted for the utmost benefit, to increase the Return on Equity (ROE) ratio and Earning per Share (EPS) ratio, to assure the investors or shareholders of the company of its capability to generate future income and profit of the company, as well as prove the company's strong financial position. The program will be valid till March 30, 2024.