Mr. Na Kyoungwon reports

SPACKMAN EQUITIES GROUP INC. ANNOUNCES INCREASE IN OWNERSHIP STAKE IN SPX MANAGEMENT LIMITED

Spackman Equities Group Inc. has entered into share sale and purchase agreements with certain existing shareholders of SPX Management Ltd. (collectively, the vendors) to acquire a total of 3,914,150 common shares of SPX on July 3, 2026. Prior to this purchase of SPX shares, the company owned 2.5 million common shares of SPX.

As consideration for the acquisition, the company will issue an aggregate of 39,141,500 common shares to the vendors, based on an exchange ratio of 10 common shares of the company for each SPX share acquired. The common shares of the company will be issued at a deemed price of 10 cents per share.

Upon completion of the acquisition, the company's direct and indirect equity interests in SPX, together with that of its subsidiaries, will increase from 19.18 per cent to 46.47 per cent.

SPX is a company incorporated in Hong Kong which, together with its subsidiaries, provides comprehensive sports management services in the Republic of Korea, including athlete representation, sports marketing, and the organization and management of sporting events.

The acquisition of the SPX shares constitutes an expedited acquisition in accordance with TSX Venture Exchange Policy 5.3 -- Acquisitions and Dispositions of Non-Cash Assets and remains subject to final approval by the TSX Venture Exchange. All securities of the company issued in connection with the acquisition are subject to a restriction from trading for four months and a day from the date of issuance. No finders' fees or commissions were paid in connection with the acquisition.

About Spackman Equities Group Inc.

The company is an international investment firm that selectively invests into growth companies that possess proprietary know-how or technologies. The company's objective is to originate opportunities to invest into businesses at attractive valuations, build a compelling portfolio of holdings, and deliver the collective value of the company's investments to its shareholders. The company invests into public equities as well as privately held companies. The common shares of the company are listed on the TSX Venture Exchange under the trading symbol SQG.

We seek Safe Harbor.