UbiVelox Co., Ltd. (KOSDAQ:A089850) announces a share repurchase program. Under the program, the company will repurchase up to 79,681 shares for KRW 1,000 million. The shares will be repurchased on the Korea Exchange through the on exchange direct repurchase method.

The purpose of the program is stock price stability and enhancement of the shareholders' value. The maximum number of shares that can be repurchased on any single day is limited to 25,192 common shares. The program will expire on July 6, 2015.

As of April 5, 2015, the company had 32,411 common shares in treasury under the scope available for dividend and 11,589 common shares in treasury under other capacities.