SM Entertainment denies EXO’s Sehun and Chanyeol departure reports to join another agency

SM Entertainment has denied reports claiming that EXO members Sehun and Chanyeol have signed exclusive contracts with a new agency. The company stated that the reports are false and clarified that the contracts signed by EXO members with SM Entertainment are still valid. However, SM Entertainment did acknowledge that the members have been given conditional permission to pursue individual activities through their own companies, within the terms of their existing contracts. This statement puts an end to speculation about the members’ professional affiliations.