Korean Actress, Ko Sung-Hee, Signs Exclusive Contract with MS Team of Spackman Media Group, an Associated Company of Spackman Entertainment Group

� Ko Sung-hee
previously won the Best New Actress in the 2014 MBC Drama Awards for her role
in MISS KOREA (2013) and DIARY OF A NIGHT WATCHMAN (2014)

· Her recent works include the Korean remake of
SUITS (2018) and MY HOLO LOVE (working title), scheduled to be broadcast in
2020 on Netflix

· Ko Sung-hee shall join the ranks at one of
Korea’s leading talent management agencies, MS Team, which also represents
Korean megastar Son Ye-jin, leading actress Lee Min-jung and Wi Ha-jun

SINGAPORE
- Media OutReach - 2
October 2019 – Spackman Entertainment Group Limited (“Spackman Entertainment
Group” or the “Company” and together with its subsidiaries, the “Group”),
wishes to announce that Korean actress, Ko Sung-hee, has signed an exclusive
contract with MS Team Entertainment Co., Ltd. (“MS Team”), a wholly-owned
subsidiary of the Group’s associated company, Spackman Media Group Limited
(“Spackman Media Group”).

Ko Sung-hee
made her debut in the 2013 film, AN ETHICS LESSON, starring Lee Je-hoon, Cho
Jin-woong, Kim Tae-hoon, Kwak Do-won and Moon So-ri. She landed her first
leading role in the fantasy period drama, DIARY OF A NIGHT WATCHMAN (2014), and
subsequently won the Best New Actress for this project. Notably, she was also
recognized for her role in MISS KOREA (2013) at the 2014 MBC Drama Awards.

Some of her recent works include the Korean
remake of SUITS (2018), starring alongside Park Hyung-sik of UAA & Co Inc.
under Spackman Media Group and Jang Dong-gun, and MOTHER (2018), featuring Lee
Bo-young, Heo Yool and Lee Hye-young.

Ko Sung-hee has recently completed the filming
of Netflix’s original drama with the working title MY HOLO LOVE, which is
slated to be released in 2020.

Other than Ko Sung-hee, MS Team also represents
and manages Korean megastar Son Ye-jin, leading actress Lee Min-jung and Wi
Ha-jun.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or
the “Company”), and together with its subsidiaries, (the “Group”), one of
Korea’s leading entertainment production groups founded by investment veteran,
Mr. Charles Spackman, is primarily engaged in the independent development,
production, presentation, and financing of theatrical motion pictures in Korea.
In order to diversify our revenue streams, we have expanded our business
portfolio to include the production of Korean television dramas. In addition to our content business, we
also make investments into entertainment companies and film funds that can
financially and strategically complement our existing core operations. SEGL is
listed on the Catalist of the Singapore Exchange Securities Trading Limited under
the ticker 40E.

SEGL’s Zip Cinema Co., Ltd. (“Zip Cinema”) is
one of the most recognised film production labels in Korea and has originated
and produced some of Korea’s most commercially successful theatrical films,
consecutively producing 9 profitable movies since 2009 representing an industry
leading track record. Recent theatrical releases of Zip Cinema’s motion
pictures include some of Korea’s highest grossing and award-winning films such
as DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL
ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit
http://zipcine.com

SEGL also owns Novus Mediacorp Co., Ltd. (“Novus
Mediacorp”), an investor, presenter, and/or post-theatrical distributor for a
total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE
OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of
2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS fame, as well as FRIEND 2:
THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights
distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by
Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the
all-time highest Video On Demand (“VOD”) sales records in Korea. For more
information on Novus Mediacorp, do visit http://novusmediacorp.com

Our films are theatrically distributed and
released in Korea and overseas markets, as well as for subsequent
post-theatrical worldwide release in other forms of media, including cable TV,
broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of
our motion pictures into wide-theatrical exhibition initially in Korea, and
then in overseas and ancillary markets.

We also operate a café-lounge called Upper West,
in the Gangnam district of Seoul and own a professional photography studio,
noon pictures Co., Ltd..

The Company holds an effective shareholding
interest of 43.88% in Spackman Media Group Limited (“SMGL”). SMGL, a company
incorporated in Hong Kong, together with its subsidiaries, is collectively one
of the largest entertainment talent agencies in Korea in terms of the number of
artists under management, including some of the top names in the Korean
entertainment industry. SMGL operates its talent management business through
renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc.,
Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd.
Through these full-service talent agencies in Korea, SMGL represents and guides
the professional careers of a leading roster of award-winning actors/actresses
in the practice areas of motion pictures, television, commercial endorsements,
and branded entertainment. SMGL leverages its unparalleled portfolio of artists
as a platform to develop, produce, finance and own the highest quality of
entertainment content projects, including theatrical motion pictures,
variety shows, and TV dramas. This platform also creates and derives
opportunities for SMGL to make strategic investments in development stage businesses
that can collaborate with SMGL artists. SMGL is an associated company of the
Company.

The Group owns a 100% equity interest in Frame
Pictures Co., Ltd. (“Frame Pictures”). Frame Pictures is a leader in the
movie/drama equipment leasing business in Korea. Established in 2014, Frame
Pictures has worked with over 25 top directors and provided the camera and
lighting equipment for some of Korea’s most notable drama and movie projects
including the upcoming Korean film GIRL COPS (2018) featuring Wi Ha-jun of SMGL
and THE GREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame
Pictures has also won contracts to supply equipment to FOUR MEN (2019), ASADAL
CHRONICLES (2019), THE CROWNED CLOWN (2019), THE BEAUTY INSIDE (2018), HUNDRED
MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018),
historical Korean movie MALMOI, SUITS (2018) featuring Park Hyung-sik of SMGL,
MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING
MAN, MY MISTER (2018) and Netflix’s first Korean original production LOVE ALARM
(2018).

The Company owns a 100% equity interest Take
Pictures Pte. Ltd. (“Take Pictures”) which has an upcoming film STONE SKIPPING
and a line-up of other films such as the co-production with Zip Cinema for THE
PRIESTS 2.

The Company owns a 100% equity interest in
Constellation Agency Pte. Ltd. (“Constellation Agency”). Constellation Agency,
which owns The P Factory Co., Ltd. (“The P Factory”) and Platform Media Group
Co., Ltd. (“PMG”), is primarily involved in the business of overseas agency for
Korean artists venturing into the overseas market. The P Factory is an
innovative marketing solutions provider specializing in event and branded
content production. PMG is a talent management agency which represents and manages
the careers of major artists in film, television, commercial endorsements, and
branded entertainment.

The Company owns a 100% equity interest in
Greenlight Content Limited which is mainly involved in the business of
investing into dramas and movies, as well as providing consulting services for
the production of Korean content.

The Company owns a 100% equity interest in
Simplex Films Limited (“Simplex Films”) which is an early stage film production
firm. Simplex Films has several films in the pipeline including, A BOLT FROM
THE BLUE, IRREVOCABLE PROMISE and OUR SUPERSTAR K. For more details, do visit
http://www.spackmanentertainmentgroup.com/