The Board of Directors of Jeil Steel Mfg Co., Ltd. (KOSE:A023440) authorized a share repurchase program on September 18, 2001. Under the program, the company will repurchase up to KRW 1 billion worth own shares pursuant to a trust agreement with Cho Hung Bank Ltd. The company will use its own funds to finance the program. The purpose behind the program is to stabilize the stock price. Repurchases will commence on September 19, 2001 and will continue until March 20, 2002.

On March 20, 2002, the company announced that it has extended the program till September 20, 2002.

On September 20, 2002, the company announced that it has extended the program till March 22, 2003.

On March 22, 2003, the company announced that it has extended the program till March 23, 2004.

On March 23, 2004, the company announced that it has extended the program till March 25, 2005.

On March 23, 2005, the company announced that it has extended the program till March 23, 2006.

On March 23, 2006, the company announced that it has extended the program till March 23, 2007.

On March 23, 2007, the company announced that it has extended the program till March 23, 2008.

On March 21, 2008, the company announced that it has extended the program till March 23, 2009.

On March 23, 2009, the company announced that it has extended the program till March 23, 2010.

On March 23, 2010, the company announced that it has extended the program till March 23, 2011.

On March 23, 2011, the company announced that it has extended the program till March 23, 2012.

On March 23, 2012, the company announced that it has extended the program till March 23, 2013.

On March 22, 2013, the company announced that it has extended the program till March 23, 2014. Shinhan Bank, formerly known as Cho Hung Bank Ltd. and Kyobo Securities Co., Ltd. acted as brokers for the buyback.


Jeil Steel Mfg Co., Ltd.'s share repurchase program expired on March 28, 2013.