e-LITECOM CO., Ltd. (KOSDAQ:A041520) announces a share repurchase program. Under the program, the company will repurchase up to KWR 1,000 million worth of its shares pursuant to a contract with Samsung Securities Co. Ltd. The purpose of the plan is to stock price stability and shareholder value enhancement.

The plan will be valid for August 10, 2023. As of February 8, 2023, the company had 1,334 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.