• The Group's wholly-ownedsubsidiary, Frame Pictures, a leading movie/drama equipment leasing player inKorea, shall supply camera systems and equipment for three upcoming Koreandrama series, FOUR MEN, ASADAL CHRONICLES and THE CROWNED CLOWN
• Frame Pictures continues to win bids for top quality projects to tap on the growingcamera equipment leasing markets ahead of its planned listing as a combinedstandalone entity with Novus Mediacorp

SINGAPORE- Media OutReach - 6 December 2018 - Spackman Entertainment GroupLimited ("Spackman Entertainment Group" or the "Company" andtogether with its subsidiaries, the "Group"), one of Korea's leadingentertainment production groups founded by international investor CharlesSpackman, wishes to announce that its wholly-owned subsidiary, Frame PicturesCo., Ltd. ("Frame Pictures"), hassecured three major contracts to supply camera and equipment for three upcomingKorean drama series, FOUR MEN, ASADAL CHRONICLES and THE MANWHO BECAME KING.

The totalcontract value for the three camera equipment deals tentatively stands at KRW972 million (approximately US$872,924[1]) subjectto changes in final filming schedule.

FOUR MEN, starringPark Hae-jin of CHEESE IN THE TRAP(2017), is a mystery human TV drama about a man who investigates the death ofhis mother, during which he meets other men who look identical to him andbecomes involved in a major conspiracy.

Featuring Song Joong-ki of DESCENDANTS OF THE SUN (2016) and Jang Dong-gun of SUITS (2018), ASADAL CHRONICLES is a TV drama that revolves around the power struggles,love and growth of the ancient city of Asadal, the capital of Gojoseon. Thedrama is expected to be released in 2019 by South Korean cable televisionchannel tvN.

THE CROWNED CLOWN,which stars Yeo Jin-goo of REUNITEDWORLDS (2017), is a historical romance melodrama TV drama that is a tvNremake of the popular Korean movie MASQUERADE(2012) headlined by Lee Byung-hun. The drama tells the story of a commonerwho becomes king and realizes how much it takes to be a good king. THE CROWNED CLOWN is expected to bereleased in January 2019.

In August 2018, Frame Pictures secured four majorcamera equipment deals for Korean film GIRLCOPS and three Korean dramas namely, THEGREATEST DIVORCE, THE BEAUTY INSIDEand HUNDRED MILLION STARS FROM THE SKY.The total contract value for the four camera equipment deals tentatively standsat KRW 573 million (approximately US$0.5 million) subject to changes in finalfilming schedule. During April, May and June 2018, Frame Pictures won contractsto supply camera systems and equipment for major Korean drama series namely, LIVE, MY MISTER, SUITS, MISTRESS, LIFE, THE GUESTS, LOVELY HORRIBLY and historical Koreanfilm MALMOI, with a total contractvalue of KRW1.8 billion (approximately US$1.6 million). 

FramePictures shall continue to win bids for topquality projects to tap on the growing camera equipment leasing markets aheadof its planned listing as a combined standalone entity with Novus Mediacorp, a post-theatrical distributor. 

AboutSpackman Entertainment Group Limited

Spackman Entertainment GroupLimited ("SEGL" or the "Company"), and together with itssubsidiaries, (the "Group"), one ofKorea'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, in the second half of 2018, we willto expand our business portfolio to include the production of Korean televisiondramas. In addition to our content business, we also make investments intoentertainment companies and film funds that can financially and strategicallycomplement our existing core operations. SEGL is listed on the Catalist of theSingapore Exchange Securities Trading Limited under the ticker 40E.

SEGL's Zip Cinema Co., Ltd. ("Zip Cinema") is one of the mostrecognised film production labels in Korea and has originated and produced someof Korea's most commercially successful theatrical films, consecutivelyproducing 8 profitable movies since 2009 representing an industry leading trackrecord. Recent theatrical releases of Zip Cinema's motion pictures include someof Korea's highest grossing and award-winning films such as MASTER (2016), THE PRIESTS (2015), COLD EYES(2013), and ALL ABOUT MY WIFE (2012).For more information on Zip Cinema, do visit https://zipcine.com  

SEGL also owns Novus MediacorpCo., Ltd. ("Novus Mediacorp"), aninvestor, presenter, and/or post-theatrical distributor for a total of 76 films(53 Korean and 23 foreign) including ROSEOF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of thebiggest 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 thepost-theatrical rights distributor of ALLABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In2018, THE OUTLAWS, co-presented byNovus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. NovusMediacorp is currently in the process of seeking a listing on the SingaporeStock Exchange. For more information on Novus Mediacorp, do visit  https://novusmediacorp.com 

Our films are theatricallydistributed and released in Korea and overseas markets, as well as forsubsequent post-theatrical worldwide release in other forms of media, includingcable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Werelease all of our motion pictures into wide-theatrical exhibition initially inKorea, and then in overseas and ancillary markets.

We also operate a café-loungecalled Upper West, in the Gangnam district of Seoul and own a professionalphotography studio, noon pictures Co., Ltd..

The Company holds an effectiveshareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated inHong Kong, together with its subsidiaries, is collectively one of the largestentertainment talent agencies in Korea in terms of the number of artists undermanagement, including some of the top names in the Korean entertainmentindustry. SMGL operates its talent management business through renownedagencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone KInc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. Through thesefull-service talent agencies in Korea, SMGL represents and guides theprofessional careers of a leading roster of award-winning actors/actresses inthe practice areas of motion pictures, television, commercial endorsements, andbranded entertainment. SMGL leverages its unparalleled portfolio of artists asa platform to develop, produce, finance and own the highest quality ofentertainment content projects, including theatrical motion pictures, varietyshows, and TV dramas. This platform also creates and derives opportunities forSMGL to make strategic investments in development stage businesses that cancollaborate with SMGL artists. SMGL is an associated company of the Company.

TheGroup owns a 100% equity interest in Frame Pictures Co., Ltd. ("Frame Pictures"). Frame Pictures is a leader in the movie/dramaequipment leasing business in Korea. Established in 2014, Frame Pictures hasworked with over 25 top directors and provided the camera and lightingequipment 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 BaeDoona of SMGL. In 2018, FramePictures has also won contracts to supply equipment to THE BEAUTY INSIDE (2018),HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018),historical Korean movie MALMOI, SUITS (2018) featuring ParkHyung-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). Frame Pictures andNovus Mediacorp are currently seeking to list on the Singapore Stock Exchange.

TheCompany owns a 100% equity interest in Take Pictures Pte. Ltd. ("Take Pictures") which has a strong lineup of 10 film projectsincluding STONE SKIPPING and theco-production with Zip Cinema for THEPRIESTS 2.

TheCompany owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns The PFactory Co., Ltd. ("The P Factory")and Platform Media Group Co., Ltd. ("PMG"),is primarily involved in the business of overseas agency for Korean artistsventuring into the overseas market. The P Factory is an innovative marketingsolutions provider specializing in event and branded content production. PMG isa talent management agency which represents and manages the careers of majorartists in film, television, commercial endorsements, and brandedentertainment.

The Company owns a100% equity interest in Greenlight Content Limited which is mainly involved in the business ofinvesting into dramas and movies, as well as providing consulting services forthe production of Korean content.

On 7 May 2018, the Company announced that it would spin-offNovus Mediacorp and Frame Pictures into a combined entity to seek listing onthe Catalist Board of the Singapore Exchange Securities Trading Limited toexploit the growing post-theatrical and camera equipment leasing markets.For more details, do visit https://www.spackmanentertainmentgroup.com/