Ajinextek Co., Ltd. (KOSDAQ:A059120) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Shinhan Investment. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on December 19, 2022. As of June 16, 2022, the company had 423,696 shares in treasury within scope available for dividend capacity and no shares in treasury under other capacities.