The Board of Directors of DONGBANG AGRO Corporation (KOSE:A007590) authorized a share repurchase program on April 3, 2012. Under the program, the company will repurchase up to 300,000 shares, based on the closing price of April 2, 2012 for a total cost of KRW 1.93 billion pursuant to a trust agreement with Eugene investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. The shares will be repurchased on the exchange and the program will commence from April 4, 2012 and will continue until July 3, 2012. As of April 3, 2012, the company has 1,215,128 common shares and 20 preferred shares held in treasury under direct ownership. Eugene investment & Securities Co., Ltd. acted as the broker to the company. DONGBANG AGRO Corporation completed its share repurchase on July 3, 2012. The company has repurchased 300,000 shares for KRW 1.98 billion.