Read the following paragraph and determine if the hypothesis is true:

Boys Republic () is a South Korean K-pop boy band consisting of five members: Onejunn, Sunwoo, Sungjun, Minsu, and Suwoong. They are Universal Music's first K-pop idol group (also managed by Happy Tribe Entertainment). Boys Republic debuted on June 5, 2013 with the single, "Party Rock". Their official fan club name is "Royal Family".

Choices: [I] Yes [II] It's impossible to say [III] No
Hypothesis: In 2004, Happy Tribe Entertainment did not exist yet.



[II]