Shindaeyang Paper Co., Ltd. (KOSE:A016590) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, pursuant the contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value and stock price stabilization. The program will expire on August 4, 2024.

As of February 4, 2024, the company had 7,758,550 shares in treasury within scope available for dividend and no shares in treasury through other repurchase.