وَقَدْ حَلَّ لَهُ النِّسَاءُ.
Translation: And the restriction on marital intimacy is now lifted for him.
The previous level ended with illā al-nisāʾ: after hair removal most ihram restrictions cease, but the marital-intimacy restriction remains. The current phrase ḥalla lahu al-nisāʾ states that the remaining marital restriction is now lifted.
This is called the second or complete release. It also shows why Tawaf al-Ziyarah cannot be replaced by just stoning and removing hair in Mina.