Union Community Co., Ltd. (KOSDAQ:A203450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a trust contract with Shinhan Investment Co., Ltd (SHINHAN INVESTMENT CORP.). The purpose of the program is to defend the corporate management rights and to stabilize the stock price.

The program is valid until May 16, 2022. As of November 14, 2021, the company had 1,254,349 shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.