Spackman Entertainment Group�s Upcoming Film CRAZY ROMANCE, Produced By Zip Cinema, Confirmed To Open In Early October This Year In Korea

• Produced by the Group’s indirect wholly-owned
  subsidiary, Zip Cinema, CRAZY ROMANCE is a romantic comedy film headlined by well-known actor, Kim Rae-won of DOCTORS
  (2016), and popular actress, Gong Hyo-jin of DON’T DARE TO DREAM (2016)
• Presented
  and distributed by Next Entertainment World, CRAZY ROMANCE is confirmed
  to be screened at the Korean box office in early October 2019
• The film marks 16 years since Kim Rae-won
  and Gong Hyo-jin last collaborated in the classic Korean drama, SNOWMAN

SINGAPORE -�Media OutReach - 23 August 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 next
film, CRAZY ROMANCE, produced by the Group’s indirect wholly-owned
subsidiary, Zip Cinema Co., Ltd. (“Zip Cinema“), is set to release in
early October this year in Korea.

Starring
Kim Rae-won of DOCTORS (2016) & MY LITTLE BRIDE (2004) and
Gong Hyo-jin of DON’T DARE TO DREAM (2016) & CRUSH AND BLUSH
(2008), CRAZY ROMANCE is Zip Cinema’s upcoming film following its Korean
financial crisis movie, DEFAULT, which accumulated more than 3.7 million
tickets and grossed more than US$27 million at the Korean box office.

Directed
by independent film director Kim Han-gyeol, CRAZY ROMANCE is presented
and distributed by Next Entertainment World Co., Ltd. The film 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.

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

The
first Korean trailer for CRAZY ROMANCE can be viewed at CGV’s Facebook
at https://www.facebook.com/CJCGV/videos/503884653773093/. The
official posters and trailer for CRAZY ROMANCE are released today.

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 café-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/