• JESTERS: THE GAME CHANGERS was released on 804 screens and
  grossed US$591,383 in box revenue on the first day of its wide release
• Directed by award-winning
  director, Kim Joo-ho, the historical comedy film stars Cho Jin-woong of INTIMATE
  STRANGERS (2018) & THE SPY GONE NORTH (2018) and Son Hyun-joo of
  ORDINARY PERSON (2017)
• Starting with JESTERS:
  THE GAME CHANGERS, Simplex Films is set to add a
  healthy pipeline of quality films to the Group's movie production business

SINGAPORE - Media OutReach - 22 August 2019 - 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 founded by media investor Charles Spackman,
wishes to announce that the Group's upcoming film, JESTERS: THE GAME CHANGERS,
produced by the Company's wholly-owned subsidiary, Simplex Films Limited ("Simplex
Films"), opened #3 at the Korean box office on the first day of its wide
release on 21 August 2019.

�

According
to the latest statistics from the Korean Film Council, JESTERS: THE GAME CHANGERS
recorded total ticket admissions of 87,124 with gross box office revenue of US$591,383
on its opening day, 21 August 2019. The film was released on 804 screens and
captured 18% of the nationwide box office market share for that day.

�

JESTERS:
THE GAME CHANGERS, is a historical comedy film, starring Cho
Jin-woong of INTIMATE STRANGERS (2018) & THE SPY GONE NORTH
(2018) and Son Hyun-joo of ORDINARY PERSON (2017). The movie revolves
around the story of a 'gang of clowns' that manipulates rumours throughout the
country and stirs the public. The 'gang of clowns' is discovered by Han
Myung-hoe (played by Son Hyun-joo), the most powerful man in Joseon, and
creates legendary stories about King Sejo (played by Park Hee-soon).

�

Distributed
by Warner Bros. Korea, the total estimated production budget (including prints
and advertising costs) for JESTERS: THE GAME CHANGERS is
KRW13.5 billion (or US$11.5 million).

�

The
Group believes that starting with JESTERS: THE GAME CHANGERS, Simplex Films
is on track to continue adding quality films to the Group's movie production
business.

�

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 JESTERS: THE GAME CHANGERS are updated on the
Group's website at http://www.spackmanentertainment.com.

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 rising star 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/