Guyoung Tech. Co., Ltd. (KOSDAQ:A053270) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares for a total of KRW 1,290 million, which is based on the closing price of KRW 1,290 per share on December 21, 2014.

The company will repurchase its shares through the stock exchange. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The maximum number of shares that can be repurchased on any day is 100,000 shares.

The share repurchase program is valid until March 20, 2015. As of December 21, 2014, the company had 422,900 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.