Telechips Inc. (KOSDAQ:A054450) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 million worth of its common stock, pursuant to a contract with SAMSUNG SECURITIES CO., LTD. The purpose of the program is Stock price stabilization and shareholder value enhancement. The program will end on February 18, 2024.

As of August 17, 2023, the company had 191,962 shares in treasury within the scope available for dividend and 975 shares in treasury through other repurchase.