Top Engineering Co. Ltd. (KOSDAQ:A065130) announces a share repurchase program. Under the program, the company will repurchase up to 212,089 shares for a total of KRW 1,000 million, which is based on the closing price of KRW 4,715 on September 4, 2015.

The company will repurchase its shares on market through Korea Securities Dealers Automated Quotation. The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The maximum number of shares that can be repurchased on any day is 44,294 shares.

The share repurchase program is valid until September 30, 2015. As of September 6, 2015, the company had 346,946 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.