وَعَلَيْهِ أَنْ يَطُوفَ، وَيَسْعَى، وَيَتَحَلَّلَ.
Translation: He must perform tawaf, perform sa’y, and exit the state of ihram.
Missing Hajj does not automatically end ihram. The text first names tawaf and sa’y, then release.
The Hanafi explanation is release through the acts of Umrah, not a unilateral decision to disregard ihram restrictions.