The Board of Directors of Rorze Systems Corp. (KOSE:A071280) authorized a share repurchase program on December 4, 2012. Under the program, the company will repurchase up to 83,333 shares for KRW 300 million based on the closing price of the shares on December 3, 2012. The repurchases will be made through Korea Securities Dealers Automated Quotation market on the stock exchange. The purpose of the repurchase program is to stabilize stock prices and enhance shareholder value. The daily limit for the repurchase is 18,037 shares. The share repurchase program will commence on December 5, 2012, and will end on March 4, 2013. As of December 3, 2012, the company had no shares in treasury.

Daewoo Securities Co. Ltd. acted as the broker to Rorze Systems Corp. for the buyback transaction.

Rorze Systems Corp. completed its share repurchase program on December 14, 2012. Under the program, the company has repurchased 83,333 shares at an average price of KRW 3,471 per share, for a total of KRW 289.23 million.