Kangji Medical Holdings Ltd. has announced the termination of its previously planned transaction involving the disposal of a subsidiary and a land resumption agreement with a government authority. The Target Company, which does not have any daily operations, will cease its business development following the completion of the Termination Agreement and the Land Resumption Agreement. The company plans to commence deregistration procedures for the Target Company upon completion of these agreements. The company has stated that these actions are not expected to have any material adverse impact on its financial position or business operations.