I just considered something....
I think HYBE x Geffin is waiting for the public to lose interest in Manon before they let her go. Reasons being:
Avoiding a massive fallout publicly: once people truly stop caring, stop talking about her, etc. They will be less of a mess for them to have to clean up through PR.
If she loses traction and the public loses interest in her, whatever opportunities she has lined up- pre-recorded music with other artists, fashion show invitations, and, more generally, any social invitations she gets to hang out with A-listers- start to dwindle.
Sabotaging her career advancements: keeping her in a contract makes it so that any other artist, record label or opportunity that comes up has to go through whoever her contract is signed with; this is how interal/industry black balling happens. So we, the public might not be privy to what's happening behind the scenes possibly affecting our girls ability to succeed after Katseye
I think they're keeping her signed to make sure she loses all opportunities waiting for her. We've seen this happen to several artists: Halsey, Normani, Megan thee stallion, victoria Monte, where theyre trapped in shittu contracts and are only let free when they fight back with lawsuits or they "lose traction" (Victoria Monte bounced back with "On my Mama", Normani teased another come back as she has finally been released, once ppl stopped caring about her, Halsey is still stuck in her contract and cant make music because they won't let her, she revealed this late last year/early this year, and Megan had to grt the help of Rock nation to sue her old management team).
I hope Manon is let go soon, and I hope thay regardless of how long it take fans still drag hybe x geffen through the mud for this. Its evil to her and the other girls who likely will get snatched publically for all this too.