The Board of Directors of Jeil Steel Mfg Co., Ltd. (KOSE:A023440) authorized a share repurchase program on January 5, 2005. Under the program, the company will repurchase up to KRW 200 million worth own shares pursuant to a trust agreement with Chohung Bank. The purpose behind the program is to stabilize the stock price. Repurchases will commence on January 5, 2005 and will continue until January 4, 2006. As of January 4, 2005, the company has 2,046,595 shares in treasury under trust agreement.

On January 5, 2006, the company extended its share repurchase program until January 5, 2007.

On January 4, 2007, the company extended its share repurchase program until January 5, 2008.

On January 4, 2008, the company extended its share repurchase program until January 5, 2009.

On January 5, 2009, the company extended its share repurchase program until January 5, 2010.

On January 5, 2010, the company extended its share repurchase program until January 5, 2011.

On January 5, 2011, the company extended its share repurchase program until January 5, 2012.

On January 5, 2012, the company extended its share repurchase program until January 5, 2013.

On January 4, 2013, the Board extended the program till January 4, 2014. Shinhan Bank acted as the broker to the company.

Jeil Steel Mfg Co., Ltd.'s share repurchase program expired on March 28, 2013.