The Board of Directors of Silicon Works Co., Ltd. (KOSE:A108320) authorized a share repurchase program on August 19, 2011. Under the program, the company will repurchase up to KRW 20 billion worth own shares pursuant to a trust agreement with Mirae Asset Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on August 22, 2011 and will continue until February 21, 2012. As of August 19, 2011, the company has no shares in treasury. Mirae Asset Securities Co., Ltd. acted as the broker for the buyback. Silicon Works Co., Ltd.'s share repurchase program expired on February 21, 2012. Under the plan, the company has repurchased 643,317 shares.