Fine Digital Inc. (KOSE:A088350) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares for a total of KRW 1,924 million, which is based on the closing price of the shares on February 23, 2016. The company will repurchase its shares directly through Korea Securities Dealers Automated Quotation market.

The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The maximum number of shares that the company may repurchase on any day is 40,000 shares. The actual repurchase number of shares and the amount may change according to the hereafter stock price change.

The share repurchase program is valid until May 24, 2016. As of February 23, 2016, the company had 467,728 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.