• #ALIVE, produced by the Group's indirect wholly-ownedsubsidiary, Zip Cinema, surpassed the 1 million ticket sales just within fivedays of its wide release on 24 June 2020 in Korea
• First film to break 1million ticket sales mark since February 2020 at the Korean box office 
• One of the first successful theatrical moviereleases in the world amidst the current COVID-19 pandemic
• Continues to dominate Korea's box office with amarket share of more than 70% as of yesterday
• Headlined by SpackmanMedia Group's Yoo Ah-in and star actress Park Shin-hye

SINGAPORE- Media OutReach - 29 June 2020 - Spackman Entertainment Group Limited ("SpackmanEntertainment Group" or the "Company" and together with itssubsidiaries, the "Group"), one of Korea's leading entertainmentproduction groups, wishes to announce that #ALIVE, produced by theCompany's indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. ("ZipCinema"), crossed the 1 million ticket sales mark since its official widerelease at the Korean box office on 24 June 2020.

Thetheatrical release of #ALIVE in Koreais one of the first successful box office openings in the world since thespread of COVID-19 early this year, which virtually shut down the globaltheatrical film industry. It also sheds a ray of hope to an industry that hasbeen crushed by the pandemic. According to Yonhap News, #ALIVE is the first film tobreak the 1 million ticket sales mark since February 2020 at the Korean boxoffice^[1].

KyoungwonNa, President of Spackman Entertainment Group stated, "Though we cannotdetermine a film's ultimate commercial success until the end, the successfultheatrical opening of #ALIVE demonstratesthe careful willingness of movie-goers to venture to the theatres to view entertainingcontent despite the pandemic. Spackman Entertainment Group is very pleased that#ALIVE is one of the first films thatare leading  the way to what we all hopewill be box office normalcy in the near future."

#ALIVE, which maintained #1 at theKorean box office since its opening day, is Zip Cinema's latest projectfollowing, CRAZY ROMANCE, which was ranked as the best romantic comedyfilm last year in Korea.

Basedon the latest statistics from the Korean Film Council, #ALIVE recordedtotal ticket admissions of 1,059,544 with gross box office revenue of US$7.4million as of 28 June 2020^[2]. Thefilm, which was released on 1,869 screens, captured 70.24% of the nationwidemarket share of the box office revenue as of yesterday.

Starringtop leading actor Yoo Ah-in of UAA & Co Inc. ("UAA"), a subsidiaryof the Group's associated company Spackman Media Group Limited ("SpackmanMedia Group"), and superstar actress Park Shin-hye, #ALIVE is basedon an original scenario by Hollywood writer Matt Taylor, who produced theAmerican documentary series, SMALL BUSINESS REVOLUTION: MAIN STREET. YooAh-in of UAA was previously the only Asian actor who was awarded one of "THEBEST ACTORS OF 2018" by The New York Times.

Thefilm relates the story of isolated survivors of a city under lockdown that getsout of control as a consequence of a sudden spread of an unknowninfection.  UAA's Yoo Ah-in of DEFAULT (2018), BURNING (2018) & VETERAN (2015) shall play therole of Joon Woon, a gamer who survived by himself and becomes disconnectedfrom the rest of the world. Park Shin-hye of MEMORIES OF THE ALHAMBRA (2018),THE DOCTORS (2016) & THE HEIRS (2013) takes on the role ofYoo Bin, another survivor who relies on her own survival skills throughout theextremely challenging situation in the city.

Thefilm is distributed by Lotte Entertainment and directed by Jo II Hyung, who wasfrom the American Film Institute.

Thelatest daily statistics from the Korean Film Council on the performance of #ALIVEshall be updated on the Group's website at https://www.spackmanentertainment.com.

For more information on #ALIVE andits official trailer, visit the Group's website at https://spackmanentertainmentgroup.com/%23alive.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 byKorean-American financier Charles Spackman, is one of Korea's leadingentertainment production groups. SEGL is primarily engaged in the independentdevelopment, production, presentation, and financing of theatrical motionpictures in Korea. The Group also invests into and produces Korean televisiondramas. In addition to our content business, we also own equity stakes inentertainment-related companies and film funds that can financially andstrategically complement our existing core operations. SEGL is listed on theCatalist of the Singapore Exchange Securities Trading Limited under the ticker40E.

ProductionLabels

SEGL'swholly-owned Zip Cinema Co., Ltd. ("ZipCinema") is one of the most recognised film production labels in Korea andhas originated and produced some of Korea's most commercially successfultheatrical films, consecutively producing 10 profitable movies since 2009representing an industry leading track record. Recent theatrical releases ofZip Cinema's motion pictures include some of Korea's highest grossing andaward-winning films such as CRAZY ROMANCE(2019), 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 

SEGLalso owns Novus Mediacorp Co., Ltd. ("NovusMediacorp"), an investor, presenter, and/or post-theatrical distributor fora total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWSand SECRETLY, GREATLY, which was oneof 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-grossingromantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-timehighest Video On Demand ("VOD")sales records in Korea. For more information on Novus Mediacorp, do visit  https://novusmediacorp.com 

TheCompany owns a 100% equity interest in Simplex Films Limited ("Simplex Films")which is an early stage film production firm. Simplex Films hasthe following films in the pipeline namely, A BOLT FROM THE BLUE, IRREVOCABLEPROMISE and OUR SUPERSTAR K.

The Company owns a 100% equity interestTake Pictures Pte. Ltd.("Take Pictures") which has aline-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 ContentLimited which is mainly involvedin the business of investing into dramas and movies, as well as providingconsulting services for the production of Korean content.

TheCompany owns a 20% equity interest in The Makers Studio Co. Ltd., which plansto produce and release four upcoming films, the first of which will be THEISLAND OF THE GHOST'S WAIL, a comedy horror film.

Ourfilms are theatrically distributed and released in Korea and overseas markets,as well as for subsequent post-theatrical worldwide release in other forms ofmedia, including online streaming, cable TV, broadcast TV, IPTV,video-on-demand, and home video/DVD, etc. We release all of our motion picturesinto wide-theatrical exhibition initially in Korea, and then in overseas andancillary markets.

TalentRepresentation

TheCompany holds an effective shareholding interest of 43.88% in Spackman MediaGroup Limited ("SMGL"). SMGL, acompany incorporated in Hong Kong, together with its subsidiaries, iscollectively one of the largest entertainment talent agencies in Korea in termsof the number of artists under management, including some of the top names inthe Korean entertainment industry. SMGL operates its talent management businessthrough renowned agencies such as MS Team Entertainment Co., Ltd. (Son Ye-jin,Lee Min-jung, Ko Sung-hee), UAA & Co Inc. (Song Hye-kyo, Yoo Ah-in, ParkHyung-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, KimJi-young). Through these full-service talent agencies in Korea, SMGL representsand guides the professional careers of a leading roster of award-winningactors/actresses in the practice areas of motion pictures, television,commercial endorsements, and branded entertainment. SMGL leverages itsunparalleled portfolio of artists as a platform to develop, produce, financeand own the highest quality of entertainment content projects, includingtheatrical motion pictures, variety shows and TV dramas. This platform alsocreates and derives opportunities for SMGL to make strategic investments indevelopment stage businesses that can collaborate with SMGL artists. SMGL is anassociated company of the Company.

TheCompany owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). ConstellationAgency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in thebusiness of overseas agency for Korean artists venturing into the overseasmarket. The P Factory is an innovative marketing solutions providerspecializing in event and branded content production. PMG is a talentmanagement agency which represents and manages the careers of major artists infilm, television, commercial endorsements and branded entertainment.

StrategicBusinesses

The Company owns a 100% equity interestin Frame Pictures Co., Ltd. ("Frame Pictures").Frame Pictures is a leader in the movie/drama equipment leasing business inKorea. Established in 2014, Frame Pictures has worked with over 25 topdirectors and provided the camera and lighting equipment for some of Korea'smost notable drama and movie projects including theupcoming Korean film GIRL COPS (2018)featuring Wi Ha-jun of SMGL and THEGREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supplyequipment 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), 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).  

We alsooperate a café-lounge called Upper West, in the Gangnam district of Seoul andown a professional photography studio, noon pictures Co., Ltd. THE GHOST'SWAIL, a comedy horror film. THE GHOST'S WAIL, a comedy horror film.

Formore details, do visit https://www.spackmanentertainmentgroup.com/