General Environmental Conservation Public Company Limited (SET:GENCO) announces a share repurchase program. Under the program, the company will repurchase up to 112,229,762 shares, representing 10% of its issued share capital for THB 8 million. The shares will be repurchased at a price not exceeding the average closing price of 5 days, prior to each repurchase date plus 115% of such average closing price.

The purpose of the program is to increase the return on equity and earnings per share, to help the company?s share price to reflect its intrinsic value, to manage the company's excess liquidity to maximize benefits. The repurchase program will expire on January 20, 2024. As of March 16, 2023, the company had 1,122,297,625 shares in issue.