Spackman Equities Group Inc. announced changes in its Board of Directors and management with immediate effect. Charles C. Spackman and Martin A. Mohabeer have resigned as directors and from all management positions of the Company, and Kyoungwon Na has been appointed a director. In addition, Richard Lee, an existing director of the Company, has assumed the position of Chairman and Interim Chief Executive Officer.

Kyoungwon Na is Chief Financial Officer of Spackman Entertainment Group Limited. He is a member of Institute of Singapore Chartered Accountants and a member of the Korean Institution of Certified Public Accountants.