I am very sure this is what is happening.
2 am and 2 pm were under 1 GROUP name in addition to their songs.
This group and the second group are under SQ4D in addition to their groups.
If you check, all the girls in this lineup aren’t very strong but very light on their vocals, mesh well and are considered good dancers/visuals
The second lineup probably has a different type of style. Lily M was known to be a pretty bad dancer for JYP, she wasn’t bad but she struggled in trainee showcases. I don’t think they’d push her in a dance group unlike Lia.
OR they’re doing a dual style like Red Velvet.
It makes the most sense to me — maybe the Maknaes and the Unnies? Look at the marketing and the slogans, it lines up.