Xi S&D Inc. (KOSE:A317400) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Korea Investment & Securities. The purpose of the program is to stabilize stock price and enhance the shareholder value.

The program will expire on November 18, 2024. As of May 15, 2024, the company had no shares in treasury within scope available for dividend and under other acquisitions.