• #ALIVE, produced by the Group's indirect wholly-owned
  subsidiary, Zip Cinema, surpassed the 1 million ticket sales just within five
  days of its wide release on 24 June 2020 in Korea
• First film to break 1
  million ticket sales mark since February 2020 at the Korean box office 
• One of the first successful theatrical movie
  releases in the world amidst the current COVID-19 pandemic
• Continues to dominate Korea's box office with a
  market share of more than 70% as of yesterday
• Headlined by Spackman
  Media Group's Yoo Ah-in and star actress Park Shin-hye

SINGAPORE
- Media OutReach - 29 June 2020 - 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 #ALIVE, produced by the
Company's indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip
Cinema"), crossed the 1 million ticket sales mark since its official wide
release at the Korean box office on 24 June 2020.

The
theatrical release of #ALIVE in Korea
is one of the first successful box office openings in the world since the
spread of COVID-19 early this year, which virtually shut down the global
theatrical film industry. It also sheds a ray of hope to an industry that has
been crushed by the pandemic. According to Yonhap News, #ALIVE is the first film to
break the 1 million ticket sales mark since February 2020 at the Korean box
office^[1].

Kyoungwon
Na, President of Spackman Entertainment Group stated, "Though we cannot
determine a film's ultimate commercial success until the end, the successful
theatrical opening of #ALIVE demonstrates
the careful willingness of movie-goers to venture to the theatres to view entertaining
content despite the pandemic. Spackman Entertainment Group is very pleased that
#ALIVE is one of the first films that
are leading  the way to what we all hope
will be box office normalcy in the near future."

#ALIVE, which maintained #1 at the
Korean box office since its opening day, is Zip Cinema's latest project
following, CRAZY ROMANCE, which was ranked as the best romantic comedy
film last year in Korea.

Based
on the latest statistics from the Korean Film Council, #ALIVE recorded
total ticket admissions of 1,059,544 with gross box office revenue of US$7.4
million as of 28 June 2020^[2]. The
film, which was released on 1,869 screens, captured 70.24% of the nationwide
market share of the box office revenue as of yesterday.

Starring
top leading actor Yoo Ah-in of UAA & Co Inc. ("UAA"), a subsidiary
of the Group's associated company Spackman Media Group Limited ("Spackman
Media Group"), and superstar actress Park Shin-hye, #ALIVE is based
on an original scenario by Hollywood writer Matt Taylor, who produced the
American documentary series, SMALL BUSINESS REVOLUTION: MAIN STREET. Yoo
Ah-in of UAA was previously the only Asian actor who was awarded one of "THE
BEST ACTORS OF 2018" by The New York Times.

The
film relates the story of isolated survivors of a city under lockdown that gets
out of control as a consequence of a sudden spread of an unknown
infection.  UAA's Yoo Ah-in of DEFAULT (2018), BURNING (2018) & VETERAN (2015) shall play the
role of Joon Woon, a gamer who survived by himself and becomes disconnected
from the rest of the world. Park Shin-hye of MEMORIES OF THE ALHAMBRA (2018),
THE DOCTORS (2016) & THE HEIRS (2013) takes on the role of
Yoo Bin, another survivor who relies on her own survival skills throughout the
extremely challenging situation in the city.

The
film is distributed by Lotte Entertainment and directed by Jo II Hyung, who was
from the American Film Institute.

The
latest daily statistics from the Korean Film Council on the performance of #ALIVE
shall be updated on the Group's website at http://www.spackmanentertainment.com.

For more information on #ALIVE and
its official trailer, visit the Group's website at https://spackmanentertainmentgroup.com/%23alive.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 by
Korean-American financier 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. 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 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 

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 (working title),
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 MS Team 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.
(Bae Doo-na, 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 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).  

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 GHOST'S
WAIL, a comedy horror film. THE GHOST'S WAIL, a comedy horror film.

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