Foodnamoo., Inc. announces an Equity Buyback for KRW 2,000 million worth of its shares.

Foodnamoo., Inc. (KOSDAQ:A290720) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares, pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose of the program is to enhance the shareholder value and stabilization of stock price. The program will expire on October 20, 2022.

As of April 20, 2022, the company had 96,901 shares in treasury within scope available for dividend and no shares under other capacities.