Cheryong Industrial Co.,Ltd. (KOSDAQ:A147830) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a trust contract with Samsung Securities Co., Ltd. The purpose of the program is stock price stabilization and shareholder value enhancement. The program will expire on May 8, 2023.

As of November 6, 2022, the company had no shares in treasury within scope available for dividend and under other acquisitions.