[Continued] Explanation of BTS (#BTS) management office regarding "Inquiries from the BTS parents to law firms". Literal Translation.



At that time, this inquiry did not result in a substantive request and confirmed that the law firm did not formally consult.



Since then, our company and BTS have been discussing this case, and it is not true a dispute had occurred due to this case which was reported.



In particular, the inquiries at that time related to some of the many projects in the progress that the company and BTS have been working together, and should not affect the exclusive contract even if some issue occur. It is just a contractual detail.



In other words, it is not true that our company and BTS could not agree with a specific matter and taking legal action which was reported in the new but the discussion between our company and BTS continues after checking some legal issues.



However,JTBC reported this in a different context.



By the way, we have been encouraging BTS and their parents to actively use external advisory services such as accountants and lawyers in relation to finance, settlement, law and so on.



This is because the value created by BTS is increasing day by day, it is natural for BTS to hear professional opinions from outside as a team or individual member.



At the same time, we recognize the fact that disagreements with each other can occur at any time as an important partner relationship with BTS. We have been discussing and solving any issues regardless to the level of its importance.



Therefore, it is not true that BTS and their parents are considering a legal response against us due to some restrictive cases, and we have to ask why JTBC expanded the coverage. .