INNOX Advanced Materials Co.,Ltd. (KOSDAQ:A272290) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and stabilize the stock price. The program will expire on February 06, 2023.

As of August 3, 2022, the company had 266,190 shares within scope available for dividend and had no shares in treasury through other repurchase.