Pan-Pacific Co., Ltd. (KOSE:A007980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd.. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on April 26, 2023. As of October 26, 2022, the company had 738,202 shares in treasury within scope available for dividend and had 1,619,433 shares in treasury through other repurchase.