Osung Advanced Materials Co., Ltd. (KOSDAQ:A052420) 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 Hana Financial Investment Co., Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on February 20, 2024.

As of August 20, 2023, the company had 0 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.