Raontec Inc. (KOSDAQ:A232680) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with KB SECURITIES CO.,LTD. The purpose of the share repurchase is Stabilizing stock price and improving shareholder value. The repurchase program will expire on March 20, 2024.

As of September 19, 2023, the company had no shares within scope available for dividend and had 1,652 shares in treasury through other repurchase.