MegaStudyEdu Co. Ltd (KOSDAQ:A215200) 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 trust agreement with Samsung Securities.

The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until December 21, 2024. As of December 21, 2023, the company has 68,597 common shares in treasury through buyback within dividend capacity and 11,960 shares in treasury through other acquisitions.