Kangji Medical (09997) terminates the sale of a subsidiary company and enters into a land recovery agreement with a government agency.

Zhtng Cijng APP News, Kangji Medical (09997) announced that the relevant matters regarding the sale of all equity of Hangzhou Kangji Qipu Medical Instrument Co., Ltd. After the equity transfer agreement was signed, the seller completed the necessary registration procedures within the prescribed period, and the buyer has paid the seller RMB 51 million, including RMB 50 million to the seller as partial payment for the sale; and RMB 1 million to the seller's designated bank account as part of the administrative procedures for completing the agreement. However, the buyer failed to fulfill the remaining payment obligation agreed upon in the equity transfer agreement. After friendly negotiations between the buyer and seller, it was decided to terminate the sale.