VALOFE Co.,Ltd (KOSDAQ:A331520) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the share repurchase is stabilizing stock price and improving shareholder value.

The repurchase program will expire on October 29, 2024. As of April 28, 2024, the company had no shares within scope available for dividend and had 26 shares in treasury through other repurchase.