The Board of Directors of China Great STAR International Limited (KOSE:A900040) authorized a share repurchase program on June 24, 2010. Under the program, the company will repurchase up to KRW 2 billion worth own shares pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and shareholder profit protection. Repurchases will commence on June 25, 2010 and will continue until June 24, 2011. As of June 23, 2010, the company has no shares in treasury. NH Investment & Securities Co., Ltd. acted as investment broker for the buyback transaction. On June 23, 2011, the Board of Directors extended its share repurchase program until June 24, 2012. China Great STAR International Limited's share repurchase program expired on April 23, 2012.