DB HiTek CO., LTD. (KOSE:A000990) announces a share repurchase program. Under the program, the company will repurchase up to KRW 100,000 million worth of its shares under the contract with NH Investment & Securities. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value.

The program will be valid till September 7, 2023. As of March 6, 2023, the company had 647,321 common shares in treasury under the dividend capacity and 402,700 common shares in treasury under other capacities.