EXO-CBX will leave SM and join the company established by Baekhyun? Lee Jin Ho broke the news: “This is the conclusion reached after negotiating with SM.”

In early June, EXO’s Chen, Baekhyun, and Xiumin formally notified SM of the termination of their exclusive contracts, citing opaque settlements and excessively long contract periods. Half a month later, the two parties resolved the misunderstanding and reached an agreement.

Well-known entertainment reporter-turned-YouTuber Li Zhenhao recently expressed Baekhyun’s plan to establish a personal company: “The so-called termination of the contract by CBX (CHEN, Baekhyun, and Xiumin) happened in May this year. Judging from the results, the three negotiated with SM. It was indeed smooth, but in terms of the direction of development, the three decided to leave SM.”The most important thing during this period was Baekhyun’s establishment of a new company, and SM also agreed.

Li Zhenhao mentioned the specific contract expiration date of the three, he said: “CHEN will be in September, Xiumin will be in October, Baekhyun will leave SM in January next year, and will carry out activities in the company established by Baekhyun. The conclusion reached after the negotiation with SM.”Then Lee Jin Ho said that in the process of negotiating with SM, in addition to personal activities, EXO’s activities will also be given top priority, and from a larger perspective, EXO’s activities will also continue.

In addition, Lee Jin-ho explained Baekhyun’s stay in LANUVO Hannam, “Baekhyun’s full lease contract for Trimage in Seongsu-dong has expired, and his plan to move into other villas that have been pre-sold has also come to naught. Full lease renewal The contract failed, so I moved into LANUVO Hannam.”During the check-in process, I got the help of Chairman Cha Ga-won (차가원), the chairman of LANUVO Hannam Construction Company, and there were rumors that Baekhyun’s new company was sponsored by Chairman Cha Ga-won., Li Zhenhao said it was not true.