Warrix Sport Public Company Limited (SET:WARRIX) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 1.83% for THB 70 million. The repurchase price must not exceed 115% of the average closing price of 5 business days prior to each repurchase date.

The purpose of the program is to assure the investors and shareholders of the company of its potential to generate income in the future and encourages stock prices to reflect the intrinsic value of the company, to maximize the benefits of company's excess liquidity, to enhance the rate of return on equity and earning per share. The repurchases will be funded from cash from operations and excess liquidity from retained earnings. The program will be valid for a period of 6 months, until May 20, 2024.

As of March 14, 2023, the company had 600,000,000 shares outstanding.