Sun Machinery Co., Ltd. announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares for a total of KRW 72 million, which is based on the closing price of KRW 3,600 per share on December 16, 2016. The actual amount for the repurchase may change according to the changes in the stock price. The company will make market repurchases directly through KONEX Market. The purpose of the share repurchase program is to enhance shareholder value and pay performance awards to employees after buyback. The maximum number of shares that the company may repurchase on any day is 2,000 shares. The share repurchase program is valid until March 19, 2017. As of December 18, 2016, the company had 1 share in treasury within scope available for dividend and had no shares in treasury through other repurchase.