Kangji Medical privatization scheme sanctioned, delisting imminent

The Grand Court of the Cayman Islands sanctioned the Scheme of Arrangement for the privatization of Kangji Medical Holdings Limited on Monday, December 1, 2025. This approval also includes the capital reduction and moves the company closer to delisting. The sanction order is expected to be registered by Friday, December 5, 2025 (Hong Kong time), fulfilling key conditions (d) and (e) of the proposal.

Assuming all conditions are met or waived, the scheme is expected to become effective on Friday, December 5, 2025 (Cayman Islands time). An application for withdrawal of listing has been approved by the Stock Exchange, with the delisting of shares anticipated to take effect from 4:00 p.m. (Hong Kong time) on Tuesday, December 9, 2025, subject to the scheme becoming effective.

Cheques for entitlements of scheme shareholders are scheduled to be dispatched by ordinary post on or before Tuesday, December 16, 2025. The scheme will lapse if it does not become effective by April 30, 2026, or a later date as determined by the offeror.