NEOWIZ HOLDINGS Corporation (KOSDAQ:A042420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its own shares pursuant to a contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on August 8, 2022.

As of February 6, 2022, the company had 678,878 treasury shares within scope available for dividend and 118,711 shares in treasury through other repurchase.