Mobase Electronics Co.,Ltd. (KOSDAQ:A012860) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a contract with Hana Bank. The purpose of the share repurchase is stable management of stock prices and protection of management rights through treasury stock holdings.

The repurchase program will expire on January 6, 2024. As of January 4, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.