Dong A Eltek Co., Ltd. (KOSDAQ:A088130) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with Hana Securities. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on August 7, 2023. As of February 1, 2023, the company had 807,091 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.