CYMECHS Inc. (KOSDAQ:A160980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 worth of its shares, pursuant to a contract with Daishin Securities. The purpose of the share repurchase program is to stabilize the share price and enhance shareholders value.

The repurchase program will continue until November 14, 2022. As of November 14, 2021, the company had 629,855 shares in treasury within scope available for dividend and had 706 shares in treasury through other repurchase.