The Board of Directors of DONGBANG AGRO Corporation (KOSE:A007590) authorized a share repurchase program on June 4, 2013. Under the program, the company will repurchase up to 500,000 shares, for a total cost of KRW 3.18 billion pursuant to a trust agreement with Eugene investment & Securities Co., Ltd. The shares will be repurchased on the exchange. The purpose behind the program is to stabilize the stock price.

The program will commence from June 5, 2013 and will continue until September 4, 2013. As of June 3, 2013, the company has 1,515,128 common shares and 20 preferred shares held in treasury under direct ownership and the company does not hold any shares in treasury. Eugene investment & Securities Co., Ltd. acted as the broker to the company.