Avatec Co., Ltd. (KOSDAQ:A149950) announces a share repurchase program. Under the program, the company will repurchase up to 580,720 shares for KRW 3,000 million pursuant to trust contract with NH Investment & Securities. The purpose of the buyback is to improve shareholder value and to have treasury stock ready in case of stock option exercise. The repurchase program will continue until September 25, 2020. As of March 25, 2020, the company had 1,572,075 shares in treasury within scope available for dividend and has no shares in treasury through other repurchase.