Cape Industries Ltd. (KOSDAQ:A064820) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares. The purpose of the share repurchase is improving shareholder profits through stock price stabilization.

The repurchase program will expire on February 7, 2023. As of November 6, 2022, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.