Yes, the annual subscription will automatically renew every 12 months. If you do not wish to renew your subscription, you can cancel it at any time (up to 14 days before renewal) and it will expire at the end of the respective term.
If you are currently on a 7-days-trial and you do not wish to proceed with the yearly subscription, please make sure to cancel the trial via Google Play Store or your Apple ID in time.
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