Cosmax, Inc. (KOSE:A192820) announces a share repurchase program. Under the program, the company will repurchase shares for KRW 3,000 million under the contract with KB Securities. The purpose of the program is to improve shareholder value and to reward employee performance. The program will be valid till January 15, 2020. As of January 1, 2020, the company had 0 shares in treasury under the dividend capacity and 3,468 shares in treasury under other capacities.