Yeong Hwa Metal Co., Ltd. (KOSE:A012280) 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 contract with Industrial Bank. The purpose of the buyback is to stabilize the stock price and enhance the corporate image of the company. The plan will be valid up to March 24, 2021. As on March 23, 2020, the company had 2,496,180 shares in its treasury within scope available for dividend and had no shares in treasury through other repurchase.