Kumho Petrochemical Co., Ltd. (KOSE:A011780) announces a share repurchase program. Under the program, the company will repurchase up to KRW 100,000 million worth of its shares pursuant to the contract with Mirae Asset Securities, Samsung Securities and Daishin Securities. The purpose of the program is to enhance shareholder value as part of a shareholder return policy.

The repurchase program will expire on September 20, 2023. As of March 7, 2023, the company had 5,248,834 shares in treasury with in the scope available for dividend and no shares in treasury through other repurchase.