The board of directors of Spackman Entertainment Group Limited, having considered the recommendation of the Nominating Committee and having assessed Mr. Richard Lee's experience, qualifications and suitability, is of the view that he has the requisite experiences and capabilities to assume the responsibilities as the interim Chief Executive Officer and Executive Director of the company. His working experience includes: November 2017 - Current Date Spackman Equities Group Inc. Chairman & Interim CEO; January 2017 - Current Date Spackman Media Group Pte. Ltd. Director & Managing Director; June 2016 - Current Date Spackman Media Group Limited Executive Director; October 2013 - September 2016 Spackman Entertainment Group Limited Head of Business Development; and June 2008 to June 2010 Transdermal Asia Holdings Co Executive Director.

Mr. Richard Lee is currently a director of Spackman Equities Group Inc. The appointment date was January 18, 2018.