Samyang Tongsang Co., Ltd (KOSE:A002170) 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 NH Investment & Securities Co.,Ltd. The purpose of the share repurchase is to enhance shareholder value through stock price stabilization. The program is valid till June 21, 2024.

As of December 20, 2023, the company had 216,000 shares within scope available for dividend and had no shares in treasury through other repurchase.