Rorze Systems Corp. (KOSDAQ:A071280) announces a share repurchase program. Under the plan, the company will repurchase up to 100,000 shares for KRW 350 million based on the closing price of KRW 3500 per share on June 18, 2014.

The company will direct buyback through KOSDAQ. The purpose of repurchase plan is to stabilize the stock price and enhancement of shareholder value. The company will repurchase maximum of 10,000 shares per day.

The repurchase program will be valid till September 19, 2014. As of June 18, 2014, the company has 83,333 shares within scope available for dividend and no shares in treasury stock under other repurchase.