[Full text] ”ACE” ends exclusive contract with management office after 10 years... ”Permission to use group name and content without any conditions”

The group "ACE" will leave management office's BEAT INTERACTIVE.
INTERACTIVE announced, "ACE and BEAT INTERACTIVE announce that their exclusive contract will end on March 31, 2025."
The following is the full statement from the management office: Hello, this is BEAT INTERACTIVE Co., Ltd.
First of all, to all the fans who love our artist ACE
We would like to express our sincere gratitude to "ACE" and BEAT INTERACTIVE Inc. We would like to inform you that the exclusive contract between the two companies will end on March 31, 2025.
As the exclusive contract was about to end, after careful mutual discussion, we have agreed to end our management services without an extension to the contract.
Unlike previous practices, we will continue to provide smooth and continuous support to artists even after the end of their contracts.
We would like to allow "ACE" to freely use the group name and content for any kind of activities, without any conditions.
Over the past 10 years, we have worked together on countless projects and shared precious time as artists and assistants.
I am honored to have had the opportunity to spend time with her. 10 years ago, I met my trainee sister and started BEAT with 2 staff members and 5 members.
It was INTERACTIVE. Our goal was to express the values that our fans want and the worries of the times through music, based on the unique color of "ACE".
Through much trial and error, we have striven to find our own musical style that is unique to ACE, and have dreamed of a new tomorrow together, struggling for a long time.
The relationship between the artist and the management office is not that of "A and B," but that of equals, and we think together about the struggles and visions that artists experience.
I hope that in the next 10 years, when everything will inevitably change, our relationship will become deeper and we will continue to grow together.
I feel sorry for "ACE" who believed in me and relied on me until now, but at the same time, I want to pursue my dream of music.
I would like to express my sincere gratitude for being able to work with him. It is because of "ACE" that BEAT has become what it is today.
I was disappointed because there was an INTERACTIVE event, but I was glad to see that they
I hope that they will make a big leap forward, so I will support them with anticipation rather than disappointment. I ask for your continued interest and support for ACE's new beginning. BEAT
As fans, INTERACTIVE and I will be on ACE's side as always and continue to support them in the future. Thank you.
Kim Hye-im, CEO of BEAT INTERACTIVE Inc.