On October 30, CBX's agency, INB100, issued an official response to SM Ent. recent statement. Below is INB100's full statement in response to SM Ent.'s:
SM Ent. official statement 1)
"The only thing we demanded from the three members was for them to pay 10% of their individual activity revenue, as set out in the original agreement from 18 June 2023. This payment has not yet been made."
CBX's response:
CBX has not changed their intention to pay the 10% revenue. Since the lawsuit is still ongoing, they plan to make the payment as soon as an agreement is reached and the legal procedures are finalized.
SM Ent. official statement 2)
"As for group activities, as the trust between both sides has been severely damaged through numerous disputes and because EXO as a group, its members, and fans were deeply hurt, it is only natural that the three members show genuine effort to rebuild trust by fulfilling the existing contract."
CBX's response:
All negotiations were carried out based on the condition of 'EXO's full-group activities.' CBX clearly expressed their intention to follow the existing agreement, have been directly communicating with the other members, and have been making efforts to remain as part of the team.
SM Ent. official statement 3)
"The three members' claim that they clearly accepted all of SM Ent.'s conditions after the second mediation on October 2 is false. They actually filed an objection on the 16th, contrary to their claims."
CBX's response:
CBX had informed SM Ent. of their intention to pay the 10% of individual activity revenue before and after the mediation session and they were waiting for SM Ent.'s final reply. However, the amount presented by the mediator on October 2 was calculated independently and unrelated to both parties' agreement. Therefore, both sides stated they could not accept that specific amount at the mediation. When this amount was officially delivered in a document, both sides filed objection on October 16. This was just a standard legal procedure. SM Ent's claim that CBX doesn't want to reach an agreement is false.
We sincerely apologize to the fans who may have felt confused or concerned during this legal process with SM Ent.
CBX will faithfully uphold the existing agreement and do our best to rebuild trust with the members and reach an agreement with SM Ent.
Thank you.
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