Sungmoon Electronics Co., Ltd. (KOSE:A014910) announces a share repurchase program. Under the program, the company will repurchase up to 460,000 shares. The purpose of the program is stock price stability and shareholder value enhancement.

The program will end on February 28, 2023. As of November 29, 2022, the company had 1,243,728 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.