#IZONE reports "contract extension" as Hot Topic in South Korea. ..

● Recently, CJ ENM started discussions on contract extension with the management office of some members who decided to “remain” in IZONE.

● If realized, the contract extension will be the first for the PRODUCE 101 series project group.

● Details of the people concerned: IZONE's contract ended in April externally, but internally it had reached an agreement to operate until December 31, 2020. The decision was made in a state where the production team (of the PRODUCE 101 series) was in a detained state, and the contract of the member of IZONE also ended in 2020, and some situations were intertwined. In the case of the management office, which was planning new activities after the dissolution of IZONE in April 2021, CJ ENM was confused by the sudden proposal to extend the contract. Since CJ ENM is also a sensitive case, we are preparing new contract contents, respecting the opinions of each management office.