TEMC Co., Ltd. (KOSDAQ:A425040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its shares pursuant to a trust agreement with NH investment & securities Co.,Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until July 23, 2024.

As of January 23, 2024, the company had no shares in treasury through buyback within dividend capacity and 6 shares in treasury through other acquisitions.