Spackman Entertainment Group Limited announced cessation of Jung, Suk Young as Executive Director. To assume a new appointment in a new spin-off entity in connection to the proposed listing of Frame Pictures Co. Ltd. and Novus Mediacorp Co. Ltd. Based on its enquiries the Company's Sponsor, RHT Capital Pte. Ltd., is satisfied that, other than as disclosed in this announcement, there are no other material reasons for the resignation of Mr. Jung as the executive director of the Company.