Is it true that is there a sequel to the movie divergent based on the following text?

On April 11, 2014, Summit Entertainment announced that a two-part film based on the final book in the Divergent trilogy, Allegiant, would be made. The first part, The Divergent Series: Allegiant, will be released on March 18, 2016, while the second part, The Divergent Series: Ascendant, on June 9, 2017. Shailene Woodley, Theo James, and Naomi Watts will reprise their roles. On December 5, 2014, it was announced that Robert Schwentke will return to direct Part 1. Principal photography for Allegiant began in Atlanta on May 18, 2015, and concluded on August 23, 2015. On September 10, 2015, it was announced that the two films would be re-titled, with Part 1 being renamed as The Divergent Series: Allegiant and Part 2 as The Divergent Series: Ascendant. Lee Toland Krieger will serve as the director for Ascendant. Ascendant is currently on hold due to Lionsgate's decision to release it as a TV movie, mainly due to the third movie Allegiant underperforming.
yes