Hizeaero Co., Ltd. (KOSDAQ:A221840) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares under the contract with KDB Daewoo Securities Co. Ltd. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value.

The program will be valid till September 22, 2016. As of March 20, 2016, the company had 350,000 shares in treasury under the dividend capacity and nil shares in treasury under other capacities.