On August 8, 2023, Baekhyun conducted a live stream on Instagram to personally clear up the many rumors circulating online about his future as an EXO member and an SM Entertainment artist. He also addressed the reports of news publications claiming that he had set up his own company.The Bambi singer mentioned that he was in the process of opening a new label with his friend Kasper and said that SM Entertainment supported his decision. However, on August 9, the agency released a statement denying that they knew about the existence of the idol's company.As both the statements were contradictory, EXO's fans sided with the Bambi singer and trended #WeStandwithBaekhyun on Twitter.Zoro's darling@chanblueskyTHE MOST IMPORTANT POINT IN BAEKHYUN IG LIVE:- EXO WILL ALWAYS STAY TOGETHER, NO ONE WILL LEAVE EXO EVER- NO ONE IN EXO LEFT THE COMPANY- BAEKHYUN KNEW THE MEDIA PLAY WILL RELEASE TOMORROW, THIS IS WHY HE DID IG LIVE- BAEKHYUN WILL SHARE EVERYTHING W/ US, ONLY LISTEN TO HIM pic.twitter.com/WS61DCpH8i157655378THE MOST IMPORTANT POINT IN BAEKHYUN IG LIVE:- EXO WILL ALWAYS STAY TOGETHER, NO ONE WILL LEAVE EXO EVER- NO ONE IN EXO LEFT THE COMPANY- BAEKHYUN KNEW THE MEDIA PLAY WILL RELEASE TOMORROW, THIS IS WHY HE DID IG LIVE- BAEKHYUN WILL SHARE EVERYTHING W/ US, ONLY LISTEN TO HIM pic.twitter.com/WS61DCpH8iSM Entertainment releases statement clarifying Baekhyun's activities as an EXO member, denies knowing about his new agencyOn August 9, SM Entertainment released a statement about Baekhyun's future activities that led to increased criticism and doubts in the EXO-L fandom. The agency clarified that Chen and Xiumin's contracts have not yet expired and have been amended but the Bambi singer's will only remain valid till January next year. This was in response to the public legal battle between the trio and the company.The agency added that the trio will continue their group activities as EXO while also pursuing their individual activities. Furthermore, it also stated that it has been planning a solo album release for the Bambi singer, which is scheduled to take place this year.In addition to this, SM Entertainment also mentioned that it was unaware of One Signature, the Bambi singer's solo company, contrary to what the singer mentioned during his live stream.“Our company had never heard anything about this before, and we learned about it through the news. Although we are flustered [by the sudden news], we trust that [Baekhyun] will keep the promises he made during our mutual agreement,” they said.Fans react to Baekhyun's Instagram live and SM Entertainment's statementbil — THE MOON IS SHOWING NOW!🌕🧑🏻‍🚀@kdyowooi cried a LOT.. byun baekhyun.. you’re so precious, you’re so kind, you’re so considerate you deserve ALL THE GOOD THINGS AND ALL LOVE IN THIS WORLD 🤍 thank you for everything, we’ll stand & support you always🥹🤍 i love you!! #WeStandWithBaekhyun pic.twitter.com/1z6GcahibC2392812i cried a LOT.. byun baekhyun.. you’re so precious, you’re so kind, you’re so considerate 😭 you deserve ALL THE GOOD THINGS AND ALL LOVE IN THIS WORLD 😭🤍 thank you for everything, we’ll stand & support you always🥹🤍 i love you!! #WeStandWithBaekhyun pic.twitter.com/1z6GcahibCThe EXO fandom was confused after Baekhyun ended his Instagram live. During the same, he shared that he was in the process of creating his own agency with his friend Kasper to explore new horizons as a producer and an artist.The agency is currently named One Signature but will be launched with a different name in the future. He also mentioned that he would continue to promote with EXO and not cause harm to any of his fellow group members.The Bambi singer had also reportedly added that he received support from SM Entertainment regarding his new venture. Additionally, he mentioned that he was currently not working on any music or album. However, SM Entertainment's statement refuted these details.The EXO-L fandom then trended his name on Twitter and expressed their unparalleled support for the singer. They urged fellow fans to only trust the singer and not the agency. They also criticized SM Entertainment for its poor artist management.mina@nara30454077WE LOVE YOU BAEKHYUN #WeLoveYouBaekhyun#WeStandWithBaekhyun#EXO @B_hundred_Hyun @weareoneEXO pic.twitter.com/7dJfV4NKB12112703WE LOVE YOU BAEKHYUN #WeLoveYouBaekhyun#WeStandWithBaekhyun#EXO @B_hundred_Hyun @weareoneEXO pic.twitter.com/7dJfV4NKB1飞天 H@BOXIANx"I'm extremely nervous""I'm going to operate my own company. I'll be also at sm and continue to promote with exo members""I will not tolerate anyone who spreads false information and rumours"baekhyun ig live, 230808 pic.twitter.com/VvNtvEsEdg17574"I'm extremely nervous""I'm going to operate my own company. I'll be also at sm and continue to promote with exo members""I will not tolerate anyone who spreads false information and rumours"baekhyun ig live, 230808 pic.twitter.com/VvNtvEsEdgDan@rosesrkjmStop panicking for whatever media play SM is doing, stop giving attention to it. Baekhyun literally opened an ig live to clarify everything. Don't trust any article coming out. Articles can be manipulated, Baekhyun's words CAN'T.#WeOnlyTrustBaekhyun#WeLoveYouBaekhyun#백현아 twitter.com/i/web/status/1…1248744Stop panicking for whatever media play SM is doing, stop giving attention to it. Baekhyun literally opened an ig live to clarify everything. Don't trust any article coming out. Articles can be manipulated, Baekhyun's words CAN'T.#WeOnlyTrustBaekhyun#WeLoveYouBaekhyun#백현아 twitter.com/i/web/status/1….@bucheonsbabeWHY are y'all panicking???? baekhyun literally said not even 48 hours ago that the media will be spreading lies and rumors and not to trust any of it. HE came on instagram live to tell us in person what was happening. why would you believe anything that isn't coming from him???1900944WHY are y'all panicking???? baekhyun literally said not even 48 hours ago that the media will be spreading lies and rumors and not to trust any of it. HE came on instagram live to tell us in person what was happening. why would you believe anything that isn't coming from him???찬백💋ⓑⓐⓜⓑⓘ☂️🌧️🌛@AerisNgoc@bucheonsbabe Only trust Baekhyun61@bucheonsbabe Only trust Baekhyunq.a.y@nxrqxydxh@chanbluesky This is exactly why unless the members say so themselves, everything is just a rumor. No way in hell should we EVER TRUST anything SM/the media says, especially if its about our boys.4@chanbluesky This is exactly why unless the members say so themselves, everything is just a rumor. No way in hell should we EVER TRUST anything SM/the media says, especially if its about our boys.☁@wordsbybbhremember to always believe on baekhyun's words only pic.twitter.com/ILjzfRKKI354652740remember to always believe on baekhyun's words only pic.twitter.com/ILjzfRKKI3sally@baekluvrssm saying baekhyun will release a solo album this year, still under sm, even though baekhyun said himself on live 2 days ago that he didn’t feel like he was in the right mindset to release an album rn and it would be too hard / burdensome for him……. :/2382456sm saying baekhyun will release a solo album this year, still under sm, even though baekhyun said himself on live 2 days ago that he didn’t feel like he was in the right mindset to release an album rn and it would be too hard / burdensome for him……. :/kim jongdecibel 🗣️🔊@exo_lotuses@baekluvrs this is so bizarre bc baekhyun came back on live for a few minutes literally to clarify that sm is aware of his company and he didn’t do it out of nowhere - so WHO in the company is leading this smear campaign??1@baekluvrs this is so bizarre bc baekhyun came back on live for a few minutes literally to clarify that sm is aware of his company and he didn’t do it out of nowhere - so WHO in the company is leading this smear campaign??♡@yeolieweedwhen SM thinks they could even come close to having exo-ls turn on our lord and savior Byun Baekhyun #WeStandWithBaekhyun pic.twitter.com/WnkmIHHu9V23543when SM thinks they could even come close to having exo-ls turn on our lord and savior Byun Baekhyun #WeStandWithBaekhyun pic.twitter.com/WnkmIHHu9Vcla@c0rcordivmI will always stay by your side baekhyun no matter what #WeStandWithBaekhyun pic.twitter.com/s9nuEcCPVE633169I will always stay by your side baekhyun no matter what #WeStandWithBaekhyun pic.twitter.com/s9nuEcCPVE。⁠:゚ ✵ HEY ! PLAYB𒀭Y ✵ ゚⁠:⁠。@ShreyoseeDebHype this EXOL'S, have some rest Baekhyun, we are always with you , pls don't say sorry , don't be sad and worried , we know whatever you do , you do the best .NO MATTER WHAT HAPPENS WE STAND WITH BAEKHYUN CEO BYUN BAEKHYUN #WeLoveYouBaekhyun#WeStandWithBaekhyun pic.twitter.com/a6e94v2ilW316134Hype this EXOL'S, have some rest Baekhyun, we are always with you , pls don't say sorry , don't be sad and worried , we know whatever you do , you do the best .NO MATTER WHAT HAPPENS WE STAND WITH BAEKHYUN CEO BYUN BAEKHYUN #WeLoveYouBaekhyun#WeStandWithBaekhyun pic.twitter.com/a6e94v2ilWMeanwhile, it remains to be seen if the Bambi singer will make a solo comeback this year as announced by SM Entertainment.