Mr. Na Kyoungwon reports

SPACKMAN EQUITIES GROUP INC. COMPLETES ACQUISITION OF COMMON SHARES OF SPX MANAGEMENT LIMITED

Spackman Equities Group Inc. has completed the acquisition of an aggregate of 3,914,150 common shares of SPX Management Ltd. from certain shareholders of SPX, as previously announced on July 3, 2026.

In connection with the closing of the acquisition, the company has issued an aggregate of 39,141,500 common shares to the vendors at a deemed price of 10 cents per consideration share, based on an exchange ratio of 10 common shares of the company for each SPX common share acquired.

Following completion of the acquisition, the company's direct and indirect equity interests in SPX, together with those of its subsidiaries, have increased from 19.18 per cent to 46.47 per cent, further strengthening the company's strategic investment in SPX.

SPX is a Hong Kong-incorporated company engaged in the provision of comprehensive sports management services in the Republic of Korea through its subsidiaries. Its business includes athlete representation, sports marketing, and the organization and management of sporting events.

The acquisition was completed as an expedited acquisition in accordance with TSX Venture Exchange Policy 5.3 (Acquisitions and Dispositions of Non-Cash Assets). The common shares issued pursuant to the acquisition are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the exchange. 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. Its objective is to originate opportunities to invest into businesses at attractive valuations, build a compelling portfolio of holdings and deliver the collective value of its 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.

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