TOP MATERIAL Co., Ltd (KOSDAQ:A360070) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,500 million worth of its common stock, pursuant to a trust contract with Samsung Securities. The purpose of the program is to improve shareholder value and stabilize stock prices. The program will expire on April 15, 2023. As of October 15, 2023, the company had 0 shares in treasury within the scope available for dividend and had 75,619 shares in treasury through other repurchases.

On the same day, the company corrected the plan duration from April 15, 2023, to April 15, 2024.