Cape Industries Ltd. (KOSDAQ:A064820) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares. The purpose of the share repurchase is improving shareholder profits through stock price stabilization.

The repurchase program will expire on December 12, 2023. As of September 11, 2023, the company had 2,200,000 shares within scope available for dividend and had no shares in treasury through other repurchase.