The Board of Directors of Sambon Precision & Electronics Co., Ltd. (KOSE:A111870) authorized a share repurchase program on August 18, 2011. Under the program, the company will repurchase up to KRW 3 billion worth own shares pursuant to a trust agreement with Hyundai Securities Co., Ltd. to be signed on August 18, 2011. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will commence on August 18, 2011 and will continue until February 17, 2012. As of August 18, 2011, the company has no shares in treasury. Hyundai Securities Co., Ltd. acted as the broker for the buyback. Sambon Precision & Electronics Co., Ltd.'s share repurchase program expired on February 17, 2012. Under the plan, the company has repurchased 482,000 shares for KRW 2.99 billion.