Fine Semitech Corp. (KOSDAQ:A036810) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with KB Securities Co., Ltd. The purpose of the plan is to stabilize stock price and to increase shareholder value.

The repurchase program will continue until November 23, 2022. As of May 22, 2022, the company had 2,043,483 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.