• Produced by the Group's indirect wholly-ownedsubsidiary, 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)
• Presentedand distributed by Next Entertainment World, CRAZY ROMANCE is confirmedto be screened at the Korean box office in early October 2019
• The film marks 16 years since Kim Rae-wonand Gong Hyo-jin last collaborated in the classic Korean drama, SNOWMAN

SINGAPORE - Media OutReach - 23 August 2019- Spackman Entertainment Group Limited ("SpackmanEntertainment Group" or the "Company" and together with itssubsidiaries, the "Group"), wishes to announce that the Group's nextfilm, CRAZY ROMANCE, produced by the Group's indirect wholly-ownedsubsidiary, Zip Cinema Co., Ltd. ("Zip Cinema"), is set to release inearly October this year in Korea.

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

Directedby independent film director Kim Han-gyeol, CRAZY ROMANCE is presentedand distributed by Next Entertainment World Co., Ltd. The film is the firstcommercial film of Kim Han-gyeol and marks 16 years since Kim Rae-won and GongHyo-jin last collaborated in the classic Korean drama SNOWMAN.

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

Thefirst Korean trailer for CRAZY ROMANCE can be viewed at CGV's Facebookat https://www.facebook.com/CJCGV/videos/503884653773093/. Theofficial posters and trailer for CRAZY ROMANCE are released today.

About Spackman 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, we have expanded our businessportfolio to include the production of Korean television dramas. In addition toour content business, we also make investments into entertainment companies andfilm funds that can financially and strategically complement our existing coreoperations. SEGL is listed on the Catalist of the Singapore Exchange SecuritiesTrading 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 9 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 DEFAULT (2018), MASTER (2016), THE PRIESTS(2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For moreinformation 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 79 films(58 Korean and 21 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. For moreinformation 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 effective shareholdinginterest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together withits subsidiaries, is collectively one of the largest entertainment talentagencies in Korea in terms of the number of artists under management, includingsome of the top names in the Korean entertainment industry. SMGL operates itstalent management business through renowned agencies such as MS TeamEntertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD EntertainmentInc., and Kook Entertainment Co., Ltd. Through these full-service talentagencies in Korea, SMGL represents and guides the professional careers of aleading roster of award-winning actors/actresses in the practice areas ofmotion pictures, television, commercial endorsements, and brandedentertainment. SMGL leverages its unparalleled portfolio of artists as aplatform 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 lighting equipmentfor 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 FOUR MEN (2019), ASADALCHRONICLES (2019), THE CROWNED CLOWN (2019), THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THEGUEST (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).

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.

The Company owns a 100% equityinterest in Simplex Films Limited ("Simplex Films") which is an earlystage film production firm. Simplex Films has severalfilms in the pipeline including, A BOLT FROM THE BLUE, IRREVOCABLEPROMISE and OUR SUPERSTAR K.

For more details, do visit https://www.spackmanentertainmentgroup.com/