JYP Entertainment has released their official statement confirming all seven members of GOT7 will not be renewing their contracts with the agency and will instead look for other opportunities.

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In their statement, they have announced that all 7 members have decided not to renew their contracts, and will move forward with their careers elsewhere.

Hello, this is JYP Entertainment.

We held in depth discussions with the members ahead of the expiration of their exclusive contract on January 19.

As a result of the discussions, both the company and the members have agreed not to renew a contract, instead wishing for a new future.

GOT7 has been a global idol group representing K-Pop for the last 7 years since they debuted on January 16, 2014.

GOT7 has been together through the growth of both K-Pop and JYP Entertainment, and we would like to thank the fans, iGOT7’s, who have been the driving force behind GOT7’s promotions with the generous support they have shown since their debut.

Although our relationship with GOT7 is over, JYP Entertainment will sincerely support the new future each member of GOT7 will move on to.

— JYP Entertainment

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Mark made a post on his personal Twitter account, sharing that even though all of the members are starting the second chapter of their lives now, they are still going to stay together until the end.

According to the earlier report from Dispatch, each member of GOT7 will be moving forward with their own activities following their departure from JYP Entertainment. Jinyoung will be focusing on acting with BH Entertainment, Yugyeom will be moving to AOMG to focus on music, Youngjae is currently in discussions with Sublime Artist Agency, JB has received offers from various hiphop agencies, but hasn’t decided on one yet.

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Jackson will continue to stay with Team Wang and promote in both Korea and China while BamBam will also promote in two countries — Thailand and Korea. Bambam is also rumored to sign with MAKEUS Entertainment. Finally, Mark is planning to return to the United States and open up his personal YouTube channel, and prepare for his solo music.