YG Entertainment has released an official statement regarding rumours of 2NE1‘s upcoming disbandment.

After a recent report that Minzy has been searching for a new agency as her contract withYG comes to an end, suspicions arose that 2NE1 may be disbanding. Currently, all members are focusing on individual activities. CL is focused on her U.S. debut, while Sandara Park is currently focusing on numerous variety programs.

As fans and the public’s concern grows over the allegations of 2NE1’s upcoming disbandment, YG Entertainment has released an official statement to fully address the rumours.

YG Entertainment said, “We first would like to apologize for delivering such unfortunate news to all of our patient fans that have been waiting for a long time. We would like to officially announce that 2NE1’s maknae Minzy will no longer be part of the group.

With May 5th, 2016 marking the date for each 2NE1 members to renew their contracts, YG tried to convince each member through individual meetings since January in hopes of contract renewals. However, Minzy did not wish to continue in the group 2NE1.

The other three members will renew their contract and will release a new song upcoming summer but as of now, we are not looking to add any members in place of Minzy.”

Stay tuned for more on this story.