Charoen Pokphand Foods Public Company Limited (SET:CPF) announces a share repurchase program. Under the program, the company will repurchase up to 200,000,000 shares, representing 2.32% of its issued share capital, for THB 5,000 million. The repurchase price must not exceed 115% of the average closing share price of 5 business days prior to each repurchase date.

The purpose of the program is financial management purpose and to increase return on equity and earnings per share as the share price in the stock market is lower than book value. The program is valid till June 18, 2023.