In short: WANNA ONE, whose contracts with Swing Entertainment are set to expire on December 31, are reportedly in discussions to extend their respective contracts by a month.
In detail: WANNA ONE, which is made up of the top 11 members of Produce 101: Season 2, is enjoying immense popularity around the world, but is set to see their respective contracts with Swing Entertainment expire on December 31. Following the expiration of their contracts, they are understood to be returning to their respective agencies.
However, it seems that Swing intends for the group to continue promoting for an additional month. This has been met by split opinions from the members' agencies - while some agree to this, others rejected it on the grounds that they have plans for the members once they return to their agencies. According to reports, the extension is so that they may hold a final concert and also attend year-end award shows together.