Asefa Public Company Limited (SET:ASEFA) announces a share repurchase program. Under the program the company will repurchase up to 17,000,000 shares, representing 3.09% of the issued capital for THB 70 million. The repurchase price shall not exceed 115% of the average closing price in the period of five consecutive days prior to each repurchase date.

The purpose of the share buyback is to enhance return on equity and earning per share, to ensure company's liquidity management is conducted for utmost benefit and to enhance company's shareholders confidence in the financial stability of the company in long run. The program will expire on August 31, 2023. As of January 11, 2023, the company had 550,000,000 shares in issue.