The Board of Directors of DongYang P&F Co., Ltd. (KOSE:A104460) authorized a share repurchase program on May 15, 2012. Under the program, the company will repurchase up to 200,000 shares for KRW 1.5 billion based on the closing price of company's share as on May 14, 2012, pursuant to a trust agreement with Hanwha Securities Co., Ltd. The repurchases will be made on the exchange through Korea Securities Dealers Automated Quotation market. The purpose behind the program is to stabilize the stock price. The company will repurchase up to 20,000 shares on any one day in the program. The repurchases will commence from May 16, 2012 and will continue till August 15, 2012. As of May 15, 2012, the company has 200,000 shares in direct ownership of treasury. Hanwha Securities Co., Ltd. acted as the broker to the company for the buyback. DongYang P&F Co., Ltd. completed its share repurchase program on July 4, 2012. Under the program, the company repurchased 200,000 shares for KRW 1.55 billion.