Chong Kun Dang Holdings Corp. (KOSE:A001630) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on October 14, 2022. As of October 14, 2021, the company had 51,309 shares in treasury within the scope available for dividend and 24 shares in treasury through other repurchases.