• Leading
  actress Lee Min-jung of MS Team awarded the Top Excellence Award for her role
  in KBS2's K-drama, ONCE AGAIN, at the 2020 APAN Star Awards

SINGAPORE -�Media OutReach�- 25 January
2021�- Spackman Entertainment Group
Limited ("Spackman Entertainment
Group" or the "Company" and
together with its subsidiaries, the "Group"),
one of Korea's leading entertainment production groups, wishes to announce that
Korea's top actress Lee Min-jung of MS Team Entertainment Co., Ltd. ("MS
Team"), a wholly-owned subsidiary of the Group's associated company,
Spackman Media Group Limited, achieved the Top Excellence Award, Actress in a
Serial Drama, for her role in KBS2's K-drama, ONCE AGAIN, at the 2020
APAN Star Awards.

The
APAN Star Awards is an award ceremony for excellence in television in South
Korea and contribution to Hallyu, the Korean wave, organized by the Korea
Entertainment Management Association.

According
to Nielsen Korea, ONCE AGAIN, headlined by Lee Min-jung of MS
Team, has broken its own highest rating again this week with 30%
viewership rating. In particular, the highest viewership rate posted per minute
soared up to 32%[1].

A
100-episode K-drama series, ONCE AGAIN, relates a story about love and
family based on the Song Family, who never had a peaceful day. The family drama
is produced by Studio Dragon and Bon Factory, directed by Lee Jae-sang and
written by Yang Hee-seung. ONCE AGAIN also stars Chun Ho-jin, Cha Hwa-yeon, Lee
Sang-yeob,

Oh
Yoon-ah and Lee Jung-eun as main casts.

Lee
Min-jung of MS Team, which also represents iconic Korean actress Son Ye-jin, previously
starred in romance drama FATE AND FURIES (2018).

About Spackman Entertainment Group Limited

Spackman
Entertainment Group Limited ("SEGL"
or the "Company"), and together with
its subsidiaries, (the "Group"),
founded in 2011 by Charles Spackman, is one of Korea's leading entertainment
production groups. SEGL is primarily engaged in the independent development,
production, presentation, and financing of theatrical motion pictures in Korea.
According to Variety, Korea was the world's fourth largest box office market in
2019, behind only North America, China and Japan.���

The Group
also invests into and produces Korean television dramas. In addition to our
content business, we also own equity stakes in entertainment-related 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.

Production Labels

SEGL's
wholly-owned 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 10 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 CRAZY ROMANCE
(2019), 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, 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��

The Company owns a 100% equity interest in
Simplex Films Limited ("Simplex Films")
which is an early stage film production firm. Simplex Films has the following
films in the pipeline namely, A BOLT FROM
THE BLUE, IRREVOCABLE PROMISE and
OUR SUPERSTAR K.

The Company
owns a 100% equity interest Take Pictures Pte. Ltd. ("Take Pictures") which has a line-up of several films including STONE SKIPPING, GUARDIAN (working title)
and the co-production with Zip Cinema for THE
PRIESTS 2.

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 20% equity interest in The Makers Studio Co. Ltd., which plans to produce
and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy
horror film.

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 online streaming, 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.

Talent Representation

�

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 MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko
Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone
K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook
Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). 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 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.

Strategic Businesses

�

The Company
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 ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

Previously,
Frame Pictures was also involved in GIRL
COPS (2018), MALMOI (2018), SUITS (2018), MISTRESS (2018), LIFE
(2018), LIVE (2018), MONEY FLOWER (2017), SWEET REVENGE (2017), BAD GUYS 2 (2017), THE LEGEND OF THE BLUE SEA (2016) and VETERAN (2015).

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

For more
details, do visit http://www.spackmanentertainmentgroup.com/ �