Cheilbio Co., Ltd. (KOSDAQ:A052670) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its own shares pursuant to a contract with Samsung Securities Co., Ltd. The purpose of the buyback is to enhance shareholder value and to stabilize stock price. The plan will be valid up to October 11, 2022.

As of April 12, 2022, the company had 870,936 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.