• STONE SKIPPING, a human drama film , is
  the first production of the Company's wholly‐owned indirect subsidiary, Studio
  Take, founded by veteran movie producer, Mr. Song Dae‐chan
• STONE SKIPPING was screened at the 23^rd Busan
  International Film Festival in October 2018, and expected to be released in
  Korea on 9 September 2020

SINGAPORE - Media OutReach - 4 August 2020 - 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 art film, STONE SKIPPING,
produced by the Company's wholly‐owned indirect subsidiary, Studio Take Co.,
Ltd. ("Studio Take") is scheduled to be released in Korea on 9 September
2020.

STONE SKIPPING is the first production to be
released by Studio Take. The human drama film stars Kim Dae-Myung of GOLDEN
SLUMBER (2017) & BLUEBEARD (2017), Jeon Chae‐eun of ANNE OF
GREEN GABLES (MUSICAL) (2017), Kim Eui‐sung of TRAIN TO BUSAN (2016)
& GOLDEN SLUMBER (2017) and Song Yun‐ah of THE K2 (2016). The
story of STONE SKIPPING revolves around an unforeseen friendship between
Suk‐Gu (played by Kim Dae-Myung), an adult with an intellectual disability
running a rice mill in a small village, and Eun‐Ji (played by Jeon Chae‐eun), a
runaway teenage girl from the city looking for her father. One day, an
unexpected incident at the rice mill leads to their world falling apart.

STONE SKIPPING is directed by Kim Jung-sik
and distributed by Little Big Pictures.

For more information on STONE
SKIPPING and its official trailer, visit 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"), 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 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 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. (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 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 café-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/