Hyundai Elevator Co., Ltd (KOSE:A017800) announces a share repurchase program. Under the program, the company will repurchase up to 2,109,000 shares, pursuant to a trust contract with Korea Investment & Securities Co., Ltd. and Mirae Asset Securities Co., Ltd. The purpose of the program is to enhance shareholder value through stock price stabilization. The program will expire on January 30, 2023.

As of October 27, 2022, the company had no shares in treasury within scope available for dividend and under other acquisition.