Wang Yibo - YIBO Actor, singer, notable works include 'Exploring the Unknown', 'Hidden Blade', 'Born to Fly', 'One & Only'
Yibo has updated his Weibo profile removing Uniq from his name and adding Exploring the Unknown to his representative works.
He has also renewed with Yuehua for an unspecified term. You can see the announcement document here.
A lot of fans are going to be upset about this, but I am not one of them. I believe wholeheartedly in his ability to make the right decisions for his career. Given his bargaining power with them I have no doubt that he would have secured extraordinarily favorable contract terms.
The text of the announcement:
As I had said previously, he has all of the information that we do not have. He knows his own goals and dreams, he knows the types of activities he wants to focus on, he knows his own resources and what is best for him, and he knows all of the terms and details that Yuehua is offering. He has worked with them for many years and knows what to expect from them.
I'm just glad that he will no longer have this hanging over his head, and can focus on other things. He has an important race coming up, and I look forward to whatever else he has in store for us 💚.
YH Entertainment Group
(Stock Code: 2306)
VOLUNTARY ANNOUNCEMENT RENEWAL OF THE EXCLUSIVE ARTIST MANAGEMENT CONTRACT WITH A MANAGED ARTIST
This announcement is made by YH Entertainment Group (the “Company,” together with its subsidiaries, the “Group”) on a voluntary basis to inform shareholders and potential investors of the latest business development of the Group.
The board (the “Board”) of directors (“Directors,” and each a “Director”) of the Company is pleased to announce that the Group has completed the renewal of the exclusive artist management contract with Mr. Wang Yibo (王一博) (“Mr. Wang”), a managed artist of the Company.
Through continuous professional dedication and strong market appeal, Mr. Wang has built a powerful personal brand influence. Mr. Wang has been a managed artist of the Company for over a decade.
The latest contract renewal not only extends the long-term partnership between Mr. Wang and the Group but also represents a deeper alignment for his future career development.
The Company believes such renewal would also facilitate the Group’s operations and reinforce the Group’s position as a key market player in the entertainment industry in China.
The Board is of the view that the continuance of the strategic cooperation between the Group and Mr. Wang further injected strong confidence into the stability of the Company’s performance and its long-term development.
By order of the Board
YH Entertainment Group
DU Hua
Executive Director, Chairlady of the Board and Chief Executive Officer
Dk what i was expecting after zb1 separation but we are eating so good rn why are wk1 and yh on a whole ‘who treats their members better’ speedrun competition bc in just 1 week we are getting redebut news, mc gunwook, ricky is blonde again, hd hao model and gyuvin mc bts vids, yujin complete ot9 birthday pics, personal ig accs are up??
The thing is, if yibo were in any way planning or negotiating with yuehua for a contract renewal, they wouldn't need to make this last minute desperate attempt to keep him.
Also, the stock will plummet and be absolutely worthless the minute he leaves that company, whether that's now, or in two years, or in four years. Yibo is a smart cookie, he knows what he's doing. There's no way he's staying with yuehua.