Kangji Medical Holdings privatization scheme now effective

The scheme of arrangement for the privatization of Kangji Medical Holdings Limited by Knight Bidco Limited, the offeror, became effective as of Friday, December 5, 2025 (Cayman Islands time). This follows the Grand Court's sanctioning of the scheme on Monday, December 1, 2025, and the subsequent registration of the court order with the Registrar of Companies in the Cayman Islands. All conditions to the proposal, as outlined in the scheme document, have been fulfilled.

Consequently, the withdrawal of Kangji Medical Holdings' shares from listing on the Stock Exchange is anticipated to take effect at 4:00 p.m. on Tuesday, December 9, 2025 (Hong Kong time).

Payments for scheme shareholders are expected to be dispatched by ordinary post no later than seven business days after the effective date, specifically on or before Tuesday, December 16, 2025. J.P. Morgan served as the exclusive financial adviser to the offeror, with Somerley Capital Limited acting as the independent financial adviser to the independent board committee.