ilShinbiobase Co. Ltd. (KOSDAQ:A068330) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, pursuant to a contract with KYOBO Securities Co.,Ltd. The purpose of the program is to stabilize the stock price and improve shareholder value.

The program will expire on June 28, 2023. As of March 27, 2023, the company had 1,350,000 shares in treasury within scope available for dividend and 0 shares in treasury under other capacities.