ilShinbiobase Co., Ltd. (KOSDAQ:A068330) announces a share repurchase program. Under the program, the company will repurchase up to 1,146,131 shares for a total of KRW 1,999.99 million, which is based on the closing price of KRW 1,745 per share on June 2, 2015. The company will repurchase its shares directly KOSDAQ Market.

The purpose of the share repurchase program is to stabilize the share price and to protect shareholder value. The maximum number of shares that can be repurchased on any day is 442,161 shares. The actual buyback amount may change according to the change in market price.

The share repurchase program is valid until September 3, 2015. As of June 2, 2015, the company had 1,367,850 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.