The Board of Directors of Daidong Electronics Ltd. (KOSE:A008110) authorized a share repurchase program on June 17, 2013. Under the program, the company will repurchase up to 1,200,000 shares for KRW 4.14 billion based on the closing price of company's share on June 16, 2013. Repurchases will be made on exchange.

The purpose behind the program is to stabilize the stock price. Repurchases will commence on June 18, 2013 and will continue until September 17, 2014. As of June 16, 2013, the company has 691,143 shares under direct ownership of treasury stock.

Kyobo Securities Co., Ltd. acted as the broker to the company for the buyback.