The Board of Directors of Hwa Shin Tech Co., Ltd. (KOSE:A086250) authorized a share repurchase program on March 31, 2011. Under the program, the company will repurchase up to KRW 500 million worth own shares pursuant to a trust agreement with Daewoo Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance the shareholder value. Repurchases will commence on March 31, 2011 and will continue until March 30, 2012. As March 31, 2011, the company has 314,297 shares held under trust agreement.

On March 30, 2012, the Board extended the program till March 30, 2013. Daewoo Securities Co., Ltd. acted as the broker for the buyback.

Hwa Shin Tech Co., Ltd.'s share repurchase program expired on March 29, 2013.