Humax Holdings Co., Ltd. (KOSE:A088350) announces a share repurchase program. Under the program, the company will repurchase up to 434,153 shares for a total of KRW 2,999.99 million, which is based on the closing price of KRW 6,910 per share on February 15, 2016. The company will make direct repurchase through Korea Securities Dealers Automated Quotation market.

The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The maximum shares that the company may repurchase on any day are 43,415 shares. The share repurchase program is valid until May 14, 2016.

As of February 15, 2016, the company had 1,225,295 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.