Sung Kwang Bend Co. Ltd. (KOSDAQ:A014620) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of own shares pursuant to a contract with Daewoo Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and enhancing shareholder's value.

The Repurchase program will continue until May 7, 2015. As of November 6, 2014, the company has no treasury shares within scope available for dividend and no treasury stock through other buyback.