Hanil Networks Co., Ltd. (KOSDAQ:A046110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,000 million worth of its own shares pursuant to a contract with Yuanta Securities Korea Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on April 18, 2022.

As of October 17, 2021, the company had no treasury shares within scope available for dividend and no shares in treasury through other repurchase.