• CRAZY ROMANCE, a romantic comedy
  film produced by the Group's indirect wholly-owned subsidiary, Zip Cinema, crossed
  its break-even point within eight days since its first day of wide release on 2
  October 2019 in Korea
• As the best romance film of the year in Korea, the
  romantic comedy film was exported to 22 countries including Singapore,
  Malaysia, Vietnam, Cambodia, Taiwan, Philippines, Hong Kong, Macau, Australia
  and New Zealand�
• CRAZY ROMANCE grossed more than US$10.7
  million in box office revenue and recorded a total of 1,503,424 tickets as of 9
  October 2019�

SINGAPORE -�Media OutReach�-�10
October 2019 -�Spackman Entertainment Group Limited ("Spackman
Entertainment Group" or the "Company" and together with its subsidiaries,
the "Group"), wishes to announce that the Group's new film, CRAZY
ROMANCE, a romantic comedy film produced by the Group's indirect
wholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip Cinema"), exceeded
its break-even point of 1.5 million tickets within eight days since the first
day of its official wide release on 2 October in Korea.

Setting the record as the best
romance film of the year in Korea[1], CRAZY
ROMANCE has accumulated total ticket admissions of 1,503,424 with gross box
office revenue of more than US$10.7 million as of 9 October 2019, based on the
latest statistics from the Korean Film Council.

The romantic comedy film was
exported to 22 countries including Singapore, Malaysia, Vietnam, Cambodia,
Taiwan, Philippines, Hong Kong, Macau, Australia and New Zealand.� Presented and distributed by Next
Entertainment World, the theatrical distribution rights of CRAZY ROMANCE
in Singapore was purchased by Clover Films Pte. Ltd., a Singapore-based film
distributor. �

Starring veteran actor, Kim
Rae-won of DOCTORS (2016), and popular actress, Gong Hyo-jin of DON'T
DARE TO DREAM (2016), CRAZY ROMANCE is the first commercial film of
Kim Han-gyeol and marks 16 years since Kim Rae-won and Gong Hyo-jin last collaborated
in the classic Korean drama SNOWMAN.

Directed by independent film
director Kim Han-gyeol, CRAZY ROMANCE relates the story of a man who is
still in love with his ex-girlfriend and the ex-girlfriend who is currently is
in the middle of a rough parting with her current boyfriend. The three of them
are wounded by love.

The estimated total production
budget (including prints and advertising costs) for CRAZY ROMANCE is
tentatively set at approximately KRW6.7 billion (or US$6.0million).

The latest daily statistics from
the Korean Film Council (http://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY) on the performance of CRAZY
ROMANCE shall be updated on the Group's website at http://www.spackmanentertainment.com.

The official English trailer,
posters and photo stills for CRAZY ROMANCE can be viewed at http://www.spackmanentertainmentgroup.com/crazy-romance.html.��

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 caf�-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/