Dongwha Pharm Co.,Ltd. (KOSE:A000020) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares for a total of KRW 191,880 million, which is based on the closing price of KRW 5,600 per share on January 29, 2015. The company will make direct acquisitions on the stock exchange.

The purpose of the share repurchase program is to stabilize the share price, enhance shareholder value, and partial contribution from the employee stock ownership association. The maximum number of shares that can be repurchased on any day is 32,000 shares. The share repurchase program is valid until May 1, 2015.

As of January 29, 2015, the company had no shares in treasury within scope available for dividend and had 240 shares in treasury through other repurchase.