RingNet Co., Ltd. (KOSDAQ:A042500) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares under the contract with Yuanta Securities Korea Co., Ltd. The purpose of the share repurchases is to improve shareholder value and to stabilize stock price. The program is valid till January 27, 2023.

As of January 27, 2022, the company had 2,802,710 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.