Sugentech Inc. (KOSDAQ:A253840) announces a share repurchase program. Under the program, the company will repurchase up to KRW 12,000 million worth of its shares, pursuant to a trust contract with Samsung Securities Co., Ltd. The purpose of the program is stock price stability and shareholder value uplift. The program will expire on October 2, 2023.

As of March 28, 2023, the company had no shares in treasury within scope available for dividend and under other acquisitions.