Very Good Leisure Co., Ltd. (KOSDAQ:A094850) announces a share repurchase program. Under the program, the company will repurchase up to 88,792 common shares. The estimated price for repurchase would amount to KRW 905.67 million, which is based on the market close price of November 3, 2015 of KRW 10,200 per share.

The shares will directly be repurchased on KOSDAQ. The purpose of the program is to stabilize the stock price and enhance the shareholder's value. The company's daily repurchase limit is 10,515 common shares.

The program is valid up to December 31, 2015. As of November 3, 2015, the company had 61,208 common shares in treasury under the scope available for dividend and nil common shares in treasury under other capacities.