Spackman Entertainment Group Limited announced appointment of Mr. Na Kyoungwon as Chief Executive Officer. The Board of Directors ("Board") has reviewed and assessed the professional and academic qualifications, working experience and suitability of Mr. Na Kyoungwon ("Mr Kay"), and has considered the recommendations of the Nominating Committee ("NC") that Mr. Kay be appointed as the Chief Executive Officer of the Company ("CEO"). The Board is satisfied that Mr. Kay has the requisite experience and capabilities to assume the responsibilities of CEO, and has approved the appointment of Mr. Kay as the CEO.

Mr. Kay is an Executive Director, President, Chief Operating Officer, and Joint Company Secretary of the Company. In addition, Mr. Kay is a member of the NC of the Company. He has abstained in the deliberation and decision as a member of the Board and NC on his appointment as CEO.

Executive. As CEO of the Company, Mr. Kay will assume the executive responsibilities of the overall business and operational decisions of the Company. Working Experience: February 2019 to Current - Chief Operating Officer and President, Spackman Entertainment Group Limited January 2018 to Current - Executive Director, Spackman Entertainment Group Limited September 2013 to February 2019 - Chief Financial Officer, Spackman Entertainment Group Limited.

Professional Qualifications: Member of the Institute of Singapore Chartered Accountants and a Member of the Korean Institution of Certified Public Accountants.