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Banana Culture announced that Hani and Jeonghwa has decided to not renew their contract with agency while LE, Solji, Hyelin have renewed their contract with the company.
Banana Culture stated that EXID is not disbanding and are discussing various ways for the group future promotion together.
Here are the official statement from Banana Culture :
"Hello, this is Banana Culture Entertainment. This is our official statement about EXID's contracts.
Solji, LE, and Hyelin expressed their wishes to remain with the agency and re-signed with us. Hani and Jeonghwa have, after a long discussion with the agency, reached an agreement with us and decided to go their separate ways after their contracts expire at the end of May 2019.
The three EXID members who have renewed their contracts with us will be focusing on their individual promotions for the time being. Solji and LE are preparing to promote as solo artists, highlighting their singing, rapping, and producing talents, and Hyelin is planning on tackling a variety of broadcast and music activities with her various talents and appealing image.
EXID is an important group to Banana Culture as well as the fans, and as such, we are not thinking of this as the group disbanding. The members are also thinking of it more as a turning point from which they can take on new challenges. We are deliberating on ways in which EXID can promote together in the future.
We will do our best so that Solji, LE, and Hyelin can carry out stable and active solo promotions.
We also express our deep gratitude to Hani and Jeonghwa. Though their contracts are officially expiring, we sincerely wish them the best in their future endeavors.
We ask for your encouragement and support for the five members of EXID, who have new roads ahead. Thank you."

EXID also to make a comeback with a new mini album which is set to be released on May 15th - their last group activities for the time being as the group will temporarily be on break right after.
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Krypta   1 year ago
This is quite shocking. I actually thought they would remain together for another year or too. I hope they could pull off a shinhwa and remain OT5 even if they are in separate agencies, but unfortunately it's a rare case in kpop. 
1 year ago
Kpop Naked