Kwang Myung Electric Co.,Ltd (KOSE:A017040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a trust contract with KB Securities Co., Ltd. The purpose of the program is to stabilize stock price and enhance value of shareholders. The program will expire on April 20, 2023.

As of October 20, 2022, the company had no shares in treasury within scope available for dividend and under other acquisitions.