ITM Semiconductor Co., Ltd. (KOSDAQ:A084850) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares, pursuant to a contract with Daishin Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholders value. The repurchase program will continue until May 2, 2024.

As of November 1, 2023, the company had 1,550,729 shares in treasury within scope available for dividend and had 204,813 shares in treasury through other repurchase.