Neosem Inc. (KOSDAQ:A253590) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares according to the contract with Samsung Securities. The purpose of the program is stock price stability and shareholder value enhancement.

The program will continue through December 28, 2022. As of June 28, 2022, the company had 571,366 and 756,300 treasury stock holdings within the scope of allotment Acquisition Co., Ltd. and Other Acquisition Co., Ltd., respectively.