One Hundred Label expresses regret over the court's acceptance of The Boyz's injunction application, vowing to reveal the truth [Star Issue]

*This content was translated by AI.

While the court granted an injunction to suspend the exclusive contracts of nine members of the group The Boyz (Sangyeon, Jacob, Young-hoon, Hyunjae, Ju-yeon, Kevin, Q, Seonwoo, and Eric), One Hundred Label (hereinafter One Hundred Label) expressed its regret and announced plans to proceed with the main lawsuit.

Hyun Dong-yeop, an attorney representing One Hundred Label, issued a formal statement on the 24th, saying, "We respect the court's ruling but express deep regret," and added, "The injunction is a provisional measure, and the claim that 'the contract termination is final' is a clear legal distortion."

Previously, nine members of The Boyz, excluding New, filed an application for an injunction to suspend their exclusive contracts with One Hundred Label on February 10. They alleged that One Hundred Label failed to pay settlement funds after the second quarter of 2025 and unjustifiably refused their requests to review documents, demanding contract termination. On the 23rd of this month, the Seoul Central District Court accepted the injunction application to suspend the exclusive contracts.

In response, One Hundred Label stated, "The injunction is merely a provisional and emergency measure until the final judgment in the main case is finalized. Therefore, this decision does not definitively determine the legality of the contract termination, and the outcome in the main lawsuit could be entirely different." The company also warned of the upcoming main lawsuit.

It further emphasized, "While we respect the court's ruling, we believe that the current injunction proceedings were conducted under tight scheduling, and our key explanatory materials and counterarguments were not sufficiently reviewed. We will promptly file an objection and strive to reveal the truth through substantive and thorough proceedings."

Additionally, the company claimed, "At the time of signing the exclusive contracts, we already paid a total of 16.5 billion won (1.5 billion won per member) to 11 members. The total amount of unpaid settlement funds claimed by the nine members is approximately 1.66 billion won. Even after deducting this from the 13.5 billion won already paid to them, approximately 11.8 billion won remains. There is a significant possibility that the claim of 'no settlement funds were received' will be overturned through legal judgment."

The company also noted, "Moreover, the opposing party's legal representative conveyed to us on March 16, 2026, that they are willing to waive the unpaid settlement funds if the exclusive contract is terminated by mutual agreement to facilitate The Boyz's activities. However, from our perspective, this proposal appears to suggest 'exchanging nearly 10 billion won, which is expected to be subject to return disputes out of the 13.5 billion won, for 1.6 billion won in settlement funds,' making it extremely difficult to accept. This also indicates that the opposing party has, in effect, acknowledged the advance payment nature of the contract funds."

Regarding The Boyz's concert 'Injection,' scheduled to be held from the 24th to the 26th at the KSPO Dome in Seoul Songpa-gu, the company rebutted, "The opposing party claims they have prepared for the concert by bearing personal costs. However, the April concert currently underway is being prepared through a professional company with which we directly signed a contract. Not all rehearsals by the members and choreographers took place outside our company's practice rooms."

The company also mentioned that it is continuing merger and acquisition (M&A) negotiations with domestic and foreign investors. One Hundred Label added, "We are currently continuing M&A negotiations with domestic and foreign investors and will mobilize all possible legal and managerial measures to prevent the company's bankruptcy. Through objections and the main lawsuit, we will definitely restore our legitimate rights."

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*This content was translated by AI.