Is it true that is there a season 7 of the green arrow based on the following text?

The seventh season of the American television series Arrow, which is based on the DC Comics character Oliver Queen / Green Arrow, premiered on The CW on October 15, 2018 and is set to consist of 22 episodes. The season follows Oliver, a former billionaire businessman and politician, and the aftermath of outing himself as a vigilante. It is set in the Arrowverse, sharing continuity with the other television series of the universe. The season is produced by Berlanti Productions, Warner Bros. Television, and DC Entertainment. This is the first season with Beth Schwartz as showrunner following the departures of Marc Guggenheim and Wendy Mericle.

Select from the following.
I. no
II. yes
II.