The Board of Directors of Daou Data Corp. (KOSE:A032190) authorized a share repurchase program on August 12, 2011. Under the program, the company will repurchase up to KRW 4.61 billion worth own shares pursuant to a trust agreement with Kiwoom Asset Management to be signed on August 16, 2011. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on August 16, 2011 and will continue until November 15, 2011. As of August 12, 2011, the company does not hold any share in treasury. On August 16, 2011, the company amended the share repurchase program. As per the amendment, the company signed the buyback trust agreement with Mirae Asset Securities Co., Ltd. and extended its share repurchase program until February 15, 2012. Mirae Asset Securities Co., Ltd. replaced Kiwoom Asset Management as broker for the buyback transaction. Mirae Asset Securities Co., Ltd. acted as the broker for the buyback. Daou Data Corp.'s share repurchase program expired on February 15, 2012. Under the plan, the company has repurchased 1,173,352 shares for KRW 3.38 billion.