The Board of Directors of Unitest Inc (KOSE:A086390) authorized a share repurchase program on August 29, 2012. Under the program, the company will repurchase up to KRW 500 million worth own shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance the shareholders' value. Repurchases will commence on August 29, 2012 and will continue until February 28, 2013. As of August 28, 2012, the company has 250,000 shares in directly owned treasury stock.

As of November 27, 2012, the company has repurchased 124,896 shares at an average price of KRW 2,879 per share, for a total of KRW 359.57 million. Korea Investment & Securities Co., Ltd. acted as the broker to Unitest Inc for the buyback transcation.

Unitest Inc's share repurchase program expired on February 28, 2013.