• BROKER, to
  be produced by the Group's indirect wholly-owned subsidiary, Zip Cinema, and
  headlines a top class Korean cast comprising Song Kang-ho, Gang Dong-won and
  Bae Doona
• To be directed by celebrated Japanese film
  director, Kore-eda Hirokazu, who won the 2018 Palme d'Or at the Cannes Film
  Festival for his film SHOPLIFTERS, BROKER
  will be his first ever Korean production
• Screenplay works for BROKER
  is on-going and the movie is scheduled to commence filming next year

�

SINGAPORE -�Media OutReach�- 27 August 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
the next major film following #ALIVE, to be produced by the Company's
indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip Cinema"), is
BROKER (working title). #ALIVE previously crossed the 1 million
ticket sales within five days of its theatrical release and maintained its #1
position at the Korean box office for three consecutive weeks.�

�

BROKER shall star top Korean actors namely, Song Kang-ho of Oscar-winning PARASITE
(2019) & SNOWPIERCER (2013), Gang Dong-won of MASTER (2016)
& THE PRIESTS (2015), and Bae Doona of KINGDOM (2019) & STRANGER
(2017).

�

To be distributed and invested by CJ ENM, BROKER is directed by
celebrated Japanese film director, Kore-eda Hirokazu, who won the Palme d'Or at
the Cannes Film Festival for SHOPLIFTERS (2018) and the Cannes
Jury Prize for LIKE FATHER, LIKE SON (2013).

�

BROKER relates
the story of
individuals whose lives become intertwined around a mysterious 'Baby Box',
which is a box designed to allow people, who are unable to raise children, to
deposit their babies anonymously.

�

Filming for BROKER is scheduled to commence in 2021 and screenplay works of the film is
currently in progress.

�

With the upcoming film, BROKER, Zip
Cinema is aiming to produce its fourth consecutive commercially successful
film, following #ALIVE (2020), CRAZY ROMANCE (2019) and DEFAULT
(2018).

�

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, 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,
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. (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 caf�-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/ �