The Board of Directors of Spackman Entertainment Group Limited intends to restructure the Board and management of the Group to better prepare the company as it enters a new phase of growth and development. Effective 19 December 2017, Mr. Charles Choi Spackman, the Company's founder, will resign as Executive Chairman and Chief Executive Officer of the Company, making way for the installment of professional management personnel in key executive and Board positions. The Company plans to appoint two new directors to the Board, pending required due diligence, one of which will serve as the interim CEO and both as Executive Directors of the Company.

This move will allow more frontline executives to directly participate on the Board level for increased efficiency. Mr. Anthony Wei Kit Wong, will be re-designated from Independent Director to Non-Executive and Independent Chairman of the Company.