The Board of Directors of Dragonfly GF Co., Ltd (KOSE:A030350) authorized a share repurchase program on July 24, 2012. Under the program, the company will repurchase up to 68,730 shares for KRW 1 billion based on the closing price of company's share on July 23, 2012. Repurchases will be made from the Korea Securities Dealers Automated Quotation market. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 12,121 shares on any one day in the program. Repurchases will commence on July 25, 2012 and will continue until October 24, 2012. As of July 23, 2012, the company has 1,025,056 shares under direct ownership of treasury stock. Korea Investment & Securities Co., Ltd. acted as the broker to the company for the buyback.

Dragonfly GF Co., Ltd.'s share repurchase program expired on October 24, 2012. Under the program, the company has repurchased 62,800 shares for KRW 1.01 billion.