King's Town Bank (TSEC:2809) ) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 common shares, representing 0.89% of its issued share capital, for total worth of TWD 30,572.21 million. The shares will be repurchased at a price falling in the price range from TWD 38 per share to TWD 33 per share.

The purpose of the share repurchases is to maintain the company's credit and shareholders' equity. The program is valid till September 6, 2022. As of July 7, 2022, the company has 3,000,000 shares in treasury.