Cheilbio Co., Ltd. (KOSDAQ:A052670) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its own shares pursuant to a contract with Mirae Asset Daewoo. co., ltd. The purpose of the buyback is to improve shareholder value and to stabilize stock price. The plan will be valid up to September 26, 2018. As of March 22, 2018, the company had 1,105,500 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.