10 years is considered a very long time, but now that I have arrived at this day when my 10-year relationship with my company has come to an end, it feels like that time just passed by in a flash,” the letter reads. “In just a blink of an eye, the young boy who entered the company has now become 30-years old.
Even though the 10-year contract has come to an end, my heart still remains with the company, and the years that I spent growing with everyone who helped me along the way, they will always remain.
“Today is a day which marks a new beginning. I will continue to go forward with a new relationship with SM Entertainment.
Despite his departure, SM Entertainment stated they will continue to maintain a relationship with Lay.
“It’s true that Lay’s exclusive contract has expired,” SM Entertainment said in a statement. “However, the agency is currently discussing various ways to maintain a new type of relationship with him.”
Lay has been active as a singer and actor in China in recent years where he set up his own entertainment company, Chromosome Entertainment Group.
On April 7, he released the song “JIU,” which features a short conversation with other EXO members.
Good luck to Lay as he works on his future endeavors!
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