The Board of Directors of Dong-Ah Tire & Rubber Co., Ltd. (KOSE:A007340) authorized a share repurchase program on November 22, 2011. Under the program, the company will repurchase up to KRW 2 billion worth own shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on November 22, 2011 and will continue until May 21, 2012. As of November 21, 2011, the company has 3,016,764 shares in treasury under direct ownership.

On May 21, 2012, the company extended its share repurchase program until November 21, 2012. Samsung Securities Co., Ltd. acted as the broker to the company for the buyback.

Dong-Ah Tire & Rubber's share repurchase program expired on November 21, 2012. Under the plan, the company has repurchased 30,470 shares.