Cape Industries Ltd. (KOSDAQ:A064820) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares. The purpose of the share repurchase is enhancing shareholder profits through stock price stabilization.

The repurchase program will expire on March 12, 2024. As of December 11, 2023, the company had 2,700,000 shares within scope available for dividend and had no shares in treasury through other repurchase.