The Board of Directors of Daidong Electronics Ltd. (KOSE:A008110) authorized a share repurchase program on November 16, 2012. Under the program, the company will repurchase up to 600,000 shares for KRW 1.28 billion based on the closing price of company's share on November 15, 2012. Repurchases will be made on exchange.

The purpose behind the program is to stabilize the stock price. Repurchases will commence on November 19, 2012 and will continue until February 19, 2013. As of November 15, 2012, the company has 191,070 shares under direct ownership of treasury stock.

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