Philoptics Co., Ltd. (KOSDAQ:A161580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 6,215.63 million worth of its shares each pursuant to a contracts with Samsung Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on January 27, 2024. As of July 27, 2023, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.