Shinil Industrial Co.,Ltd (KOSE:A002700) announces a share repurchase program. Under the program, the company will repurchase up to 770,000 shares, for a total consideration of KRW 997.15 million. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until January 22, 2018. As of October 20, 2017, the company had 500,000 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.