Legal analysis: If the right owner cancels the trademark right before cancellation, does not dispose of it and has no legal successor, the trademark will be deemed to have been abandoned. After the company cancels the trademark, the trademark will be restored to its original state and enter the public domain. The enterprise can no longer transfer the trademark, and the transfer contract without subject qualifications will not be established.

Legal basis: Article 50 of the "Trademark Law of the People's Republic of China" If a registered trademark is revoked, declared invalid or will not be renewed upon expiration, it shall be deemed to have been cancelled, declared invalid or cancelled. Within one year from the date of registration, the Trademark Office will not approve applications for trademark registration that are identical or similar to the trademark.