Hanla IMS Co., Ltd. authorizes a Buyback Plan.

HANLA IMS CO., LTD. is a Korea-based company engaged in the manufacturing of monitoring systems for ships. The Company's offerings consist of remote automatic water level monitoring and alarm systems for ships, general water level monitoring and alarm systems, valve automatic switchgear systems, oil pressure machine systems and liquid emitting diode (LED) systems. The Company provides its products mainly to shipbuilders. It distributes its products within domestic market and to overseas markets.