Media OutReach
Spackman Entertainment Group Returns To Profitability, Posting US$3.52 Million In Total Comprehensive Income For FY2024
- The Group recorded US$3.52 million in total comprehensive income for FY2024 as compared to a total comprehensive loss of US$8.47 million for FY2023
- The turnaround was mainly due to an increase of US$6.53 million in other income and gains, primarily driven by a US$5.96 million reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited
- The reversal is attributable to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange
SINGAPORE – Media OutReach Newswire – 28 February 2025 – Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups founded in 2011 by global media & technology investor Charles Spackman, wishes to announce that the Group returned to profitability, recording US$3.52 million in total comprehensive income for the financial year ended 31 December 2024 (“FY2024“) as compared to a total comprehensive loss of US$8.47 million for the financial year ended 31 December 2023 (“FY2023“).
The turnaround was mainly due to an increase of US$6.53 million in other income and gains year-on-year to US$6.56 million for FY2024, which was primarily driven by the reversal of an impairment loss on the share of results of the Group’s 43.88%-owned associated company, Spackman Media Group Limited (“SMGL“), by US$5.96 million. This was in relation to the successful listing of Crystal Planet Limited, one of Spackman Media Group Limited’s subsidiaries, through a reverse takeover transaction on the TSX Venture Exchange, as announced by the Group on December 6, 2024.
The Group’s wholly-owned indirect subsidiary Studio Take Co., Ltd. (“Studio Take“) released the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE on 21 February 2025 in Korean theatres. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take plans to release an upcoming film project titled THE GUEST, which is currently in post-production and tentatively scheduled for release in late 2025 or early 2026. The film is based on the short film with the same title directed by Yeon Je-gwang, which was invited to the 2016 Cannes Film Festival.
To sustain the Group’s business operations amidst the current slowdown in the Korean movie industry, the Group plans to continue to streamline its existing operations, and explore new business initiatives as well as strategic alternatives.
Hashtag: #SpackmanEntertainmentGroup
The issuer is solely responsible for the content of this announcement.
About Spackman Entertainment Group Limited
Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.
The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit charlesspackman.com and spackman-group.com/charles-spackman.
Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).
Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.
The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.
Production Labels
SEGL owns a 100% equity interest in Studio Take Co., Ltd. (“Studio Take“) which produced STONE SKIPPING (2020) and THE BOX (2021). One of its films, A MAN OF REASON (2023), premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world’s top three genre film festivals. Produced by Studio Take, the Korean adaptation of the Taiwanese hit YOU ARE THE APPLE OF MY EYE premiered at the Korean theatres on 21 February 2025. The romance film remake originally premiered at the 29th Busan International Film Festival in October 2024. Studio Take shall also release an upcoming film, THE GUEST, which is at the post-production stage and scheduled to be released in the second half of 2025 or in 2026.
The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.
Talent Representation
The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd., SBD Entertainment Inc., UAA&CO Inc. and Play Content Co., Ltd. Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit spackmanmediagroup.com.
For more details, please visit spackmanentertainmentgroup.com.
Media OutReach
Monash IVF Singapore Spotlights Male Factor Infertility for National Infertility Awareness Week (NIAW)
While fertility discussions often centre on women, statistics show that male factors contribute to approximately 50% of all infertility cases. Male factor infertility can arise from a range of factors, including low sperm count, reduced sperm motility, abnormal sperm morphology, hormonal imbalances, genetic conditions, or underlying medical issues. Lifestyle factors such as smoking, alcohol consumption, stress, and environmental exposures may also affect sperm quality over time.
Despite its prevalence, male factor infertility is often less discussed in Singapore, which can lead to delays in assessment and treatment. Early evaluation, including semen analysis and medical consultation, can help identify potential concerns and guide appropriate next steps for couples.
To support greater awareness, Monash IVF is launching a series of digital educational content aimed at de-stigmatising male reproductive health and providing actionable insights for men to take charge of their fertility. These resources will cover common causes of male infertility, when to seek medical advice, and the types of assessments and treatment options available. By making this information more accessible, the clinic aims to encourage earlier evaluation and more open conversations about male factor infertility, both within relationships and in the wider community.
As Singapore’s demographic landscape evolves, Monash IVF Singapore is contributing to broader discussions on reproductive health. With the national Total Fertility Rate (TFR) reaching a record low of 0.87 in 2025, the need for comprehensive and patient-centred fertility care continues to grow.
Understanding Modern Fertility Challenges: Beyond Biological Factors
The decline in fertility is not merely a biological hurdle but a reflection of the intense pressures that Singaporeans face today. The “workplace rat race”, high-stress environments, and environmental factors have contributed to a trend of delayed parenthood. Many individuals are choosing to start families later due to career progression, financial considerations, and evolving life priorities. At the same time, age remains a key factor, as both egg and sperm quality may decline over time.
As such, these same pressures do not just delay parenthood; they also make it more difficult for individuals to pursue fertility treatments in Singapore. Managing appointments, coping with the physical and emotional demands of treatment, and balancing work responsibilities can become an added strain for many.
“Fertility is often treated as a private struggle, but it is a societal challenge,” says June Jonet, Marketing and Business Development Head of Monash IVF Singapore. “We are calling for greater understanding and support within the workplace. Employees undergoing fertility treatments or preservation need an environment that recognises the physical and emotional toll of this journey, rather than one that penalises them for it.”
Monash IVF’s Approach to Assisted Reproductive Care
Monash IVF Singapore’s clinical and laboratory team is led by Chief Embryologist Ng Pei Hui, supported by a team of senior embryologists and Fertility Specialists, including Dr Kelly Loi, Dr Suresh Nair, and Dr Yap Lip Kee.
The clinic applies a range of established assisted reproductive techniques to enhance success rates, tailored to individual clinical needs. These include:
- Piezo-ICSI: A fertilisation method that uses a blunt needle with high-speed vibration to gently penetrate eggs and assist sperm injection. It may be considered in cases involving fragile oocytes or advanced maternal age.
- IMSI: A technique that uses high-magnification imaging to support sperm selection, enabling embryologists to identify and avoid sperm with morphological abnormalities, such as vacuoles.
- PICSI: A method of biological sperm selection using hyaluronic acid to help identify mature sperm with a lower likelihood of DNA damage.
- Embryoscope+: A time-lapse imaging system that continuously monitors embryo development without disrupting stable culture conditions, supporting the selection of embryos with strong developmental potential for transfer.
The Power of Planning: Fertility Preservation
Alongside treatment, Monash IVF Singapore highlights the importance of proactive planning. As more women and couples choose to delay parenthood, elective egg freezing (a form of fertility preservation) has become a vital tool. At the same time, early assessment of male factor infertility, including semen analysis, can identify potential concerns and help couples prepare more confidently.
“Even with the range of treatments available today, timing still matters,” says Chief Embryologist Ng Pei Hui. “Early consultation allows patients to better understand their options and make informed decisions.”
With infertility affecting approximately 1 in 6 individuals, it is now recognised as a relatively common medical condition rather than a rare exception. This is why at Monash IVF Singapore, fertility care is not only about addressing challenges as they arise but also about supporting early planning for both men and women. With options such as elective egg freezing, male fertility assessment, and fertility health checks, the clinic aims to help Singaporeans better understand their reproductive health and make informed decisions at different stages of their journey.
For more information about Monash IVF Singapore and what they do, visit their website.
Hashtag: #MonashIVF #malefertility #mensfertility #reproductivehealth #fertilityawareness #menswellness
The issuer is solely responsible for the content of this announcement.
About Monash IVF Singapore
Monash IVF Singapore is part of the global Monash IVF Group, a pioneer in reproductive medicine since achieving the world’s first IVF pregnancy in 1973. We provide a full suite of fertility services, combining compassionate patient care with the latest scientific breakthroughs.
Media OutReach
VinFast signs partnerships with 14 e-scooter dealers in the Philippines, accelerating nationwide network expansion
To support its planned product launch in June 2026, VinFast has continued to partner with leading motorcycle distributors in the Philippines, including Wheeltek Motor Sales Corporation; Gentrade International Phils., Inc. (Transcycle); Superbikes Corporation; Motoxpress Sales Corporation; FMN Industrial Corp.; Eduhome Enterprise, Inc.; Keymotors Incorporated; Motorpro by Abenson Ventures Inc. and Aserco; Moto Atelier Inc.; Ciclo Suerte; HG Motorzone; HGC Main Marketing (Motorboy); BLC Cycle Parts Supply; and Auto Ten Trade & Services Corp. Similar to the partners signed in January 2026, these partners have extensive networks, demonstrate strong operational capabilities, and possess longstanding experience in the motorcycle business, alongside a clear orientation toward the green transition.
VinFast and its partners will collaborate to rapidly roll out a showroom network across the market, with many outlets expected to be launched in parallel at the time of product introduction, laying the foundation for accelerated expansion of nationwide sales and after-sales services. The showrooms will be developed in high-demand areas with strong potential for green transition such as Metro Manila, Metro Davao, Rizal, Laguna, Cavite, Batangas, Metro Cebu, Bulacan, and other major urban provinces, and will adhere to VinFast’s global standards for operations and brand identity.
In the initial phase, the network will distribute a portfolio of swappable-battery e-scooters, including Evo, Feliz II, Viper, and other models expected to be launched in the near future, alongside upcoming models that will be further adapted to local infrastructure conditions and consumer usage patterns in the Philippines.
The Philippines is one of Southeast Asia’s largest motorcycle markets, characterized by strong demand for personal mobility and rapid urbanization. Amid fuel price volatility and a growing shift toward sustainable solutions, e-scooters are emerging as a promising pathway, particularly when supported by an integrated ecosystem.
VinFast is pioneering the development of a comprehensive e-scooter ecosystem in the Philippines, encompassing dealer networks, after-sales services, financing solutions, and energy infrastructure. Notably, the company aims to deploy approximately 30,000 battery-swapping stations nationwide in the near term, in collaboration with infrastructure partners, to deliver a convenient and flexible user experience.
Earlier in 2026, VinFast announced plans to expand its e-scooter business across five key international markets, including the Philippines, Indonesia, India, Thailand, and Malaysia, as part of its global strategy to scale a green mobility ecosystem.
Ms. Vo Thi Cam Tu, Managing Director of VinFast E-Scooters Overseas Market, said: “Our partnerships with 14 major dealers in the Philippines mark an important step in rapidly establishing a strong distribution and service foundation from the outset. We are not only introducing products tailored to local needs, but also developing an integrated ecosystem, from battery-swapping infrastructure to after-sales services, enabling consumers to access and adopt e-scooters in a convenient, efficient, and sustainable manner.”
In recent years, VinFast has steadily built its presence across key Southeast Asian markets, including the Philippines, through a diverse electric vehicle portfolio and strategic partnerships in infrastructure and services. The expansion into e-scooters further completes its green mobility ecosystem in the market and the region, while providing consumers with more flexible options in the transition to sustainable transportation.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
Media OutReach
4,680 young Chinese volunteers called “Little Deer” ready for Asian Beach Games
Recruited from 12 universities, including Hainan University and Hainan Normal University, as well as other local organizations, the volunteers share the common nickname “Little Deer.” The name is derived from Sanya’s nickname, “Deer City,” and is meant to reflect the volunteers’ lively, warm, and friendly spirit.
“See ya in Sanya” is both the slogan of the Asian Beach Games and the guiding principle for its volunteers. Liang Zihan, a student from Hainan Tropical Ocean University, said: “Since the launch of the volunteer recruitment drive, whether it is learning about the Games, mastering multilingual communication, or taking part in scenario-based drills and emergency exercises, I have given it my all. I hope to convey Sanya’s warmth, openness, and inclusiveness to every friend who comes from afar.”
Alongside local students, the volunteer team also includes many young people from across China brought together by the Games. Wu Yujia, a sophomore at the Hospitality Institute of Sanya, is one of them. “I want to show a warm, caring, and energetic Sanya,” she said. When asked about her future plans, she did not hesitate: “I want to stay in Sanya.” In her eyes, the city’s pleasant climate and beautiful scenery have deepened her affection for it and strengthened her commitment to volunteering.
The 6th Asian Beach Games will be held in Sanya, Hainan, from April 22 to 30, 2026. Delegations from all 45 member countries and regions of the Olympic Council of Asia (OCA) will take part in what is the largest and most influential beach sports event in Asia. As the first major international sporting event to be held in Hainan after the independent customs operations of the Hainan Free Trade Port, the Games are not only a celebration of Asian sport but also an important opportunity for Hainan to present an open and welcoming face to the world.
The issuer is solely responsible for the content of this announcement.
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