• Produced by the Group's
  indirect wholly-owned subsidiary, Zip Cinema, #ALIVE achieved #1 in
  advance ticket bookings with a dominant market share of 57.7% two days ahead of
  its release on 24 June 2020
• In comparison, the
  Group's most recent film, CRAZY ROMANCE, which resulted in commercial
  success, attained a market share of 12.3% two days prior to its opening day
• Distributed by Lotte
  Entertainment, #ALIVE headlines Spackman Media Group's Yoo Ah-in of DEFAULT (2018) & BURNING (2018) and Park
  Shin-hye of MEMORIES OF THE ALHAMBRA (2018) and THE DOCTORS
  (2016)
• #ALIVE, a zombie thriller film directed
  by Jo II Hyung, is based on an original scenario by Hollywood
  writer Matt Taylor

SINGAPORE
- Media OutReach - 23 June 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 #ALIVE, produced
by the Company's indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip
Cinema"), ranked #1 in advance ticket reservations as of 22 June 2020,
prior to its scheduled opening day on 24 June 2020. The film is Zip Cinema's
latest project following CRAZY ROMANCE, which was a commercially
successful film for the Group.

According to the latest
statistics from the Korean Film Council, the market share of advance booking of
tickets for #ALIVE stood at a commanding 57.7% as of 23 June 2020 12am
Korea time^[1]. As
compared to #ALIVE, CRAZY ROMANCE recorded a market share of
12.3% two days prior to its opening day.

Headlined by top leading actor
Yoo Ah-in of UAA & Co Inc. ("UAA"), a subsidiary of the Group's
associated company Spackman Media Group Limited ("Spackman Media Group"),
and popular actress Park Shin-hye, #ALIVE is based on an original
scenario by Hollywood writer Matt Taylor, who produced the American documentary
series, SMALL BUSINESS REVOLUTION: MAIN STREET. Yoo Ah-in of UAA was previously
the only Asian actor who was awarded one of "THE BEST ACTORS OF 2018" by The
New York Times.

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

The film is distributed by Lotte
Entertainment and directed by Jo II Hyung, who was from the American Film
Institute.

For more information on #ALIVE
and its 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"), one of
Korea's leading entertainment production groups, 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 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 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 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 a line-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 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 the
following films in the pipeline namely, A BOLT FROM THE BLUE, IRREVOCABLE
PROMISE and OUR SUPERSTAR K.

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