The Board of Directors of Hwa Shin Tech Co., Ltd. (KOSE:A086250) authorized a share repurchase program on October 15, 2009. Under the program, the company will repurchase up to KRW 500 million worth own shares pursuant to a trust agreement with Daewoo Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value Repurchases will commence on October 15, 2009 and will continue until October 14, 2010. As of October 14, 2009, the company has no shares in treasury.

On October 8, 2010, the company extended its share repurchase program until October 14, 2011.

On October 14, 2011, the company extended its share repurchase program until October 14, 2012.

On December 19, 2011, the company partially terminated its trust agreement with Daewoo Securities Co., Ltd. The company will repurchase up to KRW 369.18 million worth of shares pursuant to the trust agreement. Daewoo Securities Co., Ltd. acted as the broker for the buyback.

Hwa Shin Tech Co., Ltd.'s share repurchase program expired on October 12, 2012.