NARA CELLAR Co., Ltd. (KOSDAQ:A405920) announces a share repurchase program. Under the program, the company will repurchase up to 648,648 shares. The purpose of the program is to stabilizing stock price and enhancing shareholder value.

The program will expire on January 30, 2024. As of October 29, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.