The shareholders of Haitai Confectionery and Foods Co. Ltd. authorized a share repurchase program at the Extraordinary General Meeting on November 22, 2012. Under the program, the company will repurchase up to 1,100,000 shares, representing 4.6% at a price of KRW 16,466.523 per share for KRW 18.11 billion. The shares will be repurchased off the market. The purpose of the program is to enhance the shareholders' value. The repurchases will commence on December 28, 2012. As of November 21, 2012, the company has no shares in treasury.

On December 6, 2012, the company amended the scheduled acquisition period for the program, as per which, the plan will now expire on December 7, 2012.


Haitai Confectionery and Foods Co. Ltd.'s share repurchase program expired on December 7, 2012.