BEIJING, July 30, 2018 /PRNewswire/ -- Origin Agritech
Ltd. (NASDAQ: SEED) ("the Company" or "Origin") an agricultural biotechnology trait and corn seed provider, today announced that Mr. Rong Chen and Mr. Aiyang Wang will join the Company's Board of
Directors as independent board members.
Mr. Rong Chen, founder of Elastos Foundation, is a technology industry veteran of over 30 years with 18 years of entrepreneurial experience and 8 years of operating system
development experience at Microsoft. Mr. Chen launched Elastos Foundation in June, 2017 for cryto-tokens and
developing Blockchain technologies. Mr. Chen founded Kortide in Beijing in 2000 to design and
implement Elastos, an advanced operating system for a secure Internet, from scratch. Mr. Chen has a computer science B.Eng degree from Tsinghua University and a
Master degree from the
University of Illinois at Urbana-Champaign. Mr. Rong Chen agreed to join Origin's board as announced
in the Company's press release dated February 15, 2018 when the Company announced the cooperation
with Elastos Foundation.
Mr. Aiyang Wang, one of the Founders and CEO of Shenzhen DB Investment Management Co., Ltd., has over 15 years of experience
in multi-functional management, capital market operations and cross-border mergers & acquisitions. During 2000 and 2014, Mr.
Wang held various positions, including the Secretary of Board, and General Manager of Office in Shum Yip Group Limited, which
holds several public listed companies including Shenzhen Investment (00604.HK) and Pingan
Insurance (02318.HK, 601318.SZ). Mr. Wang has an EMBA degree from China Europe International
Business School (CEIBS) and a Master Degree of Economics from Sun
Yat-Sen University and Shantou University.
"On behalf of the Board, I extend a warm welcome to Rong and Aiyang," said Dr. Gengchen Han, Chairman of the Board of
Directors. "As we're moving forward with our new strategic directions, especially in the e-commerce business and blockchain
technologies, our new board members could provide instrumental advices with their great experiences in the fields of
technology and investment management. We believe they could add significant values to our
organization and our shareholders."
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing,
is China's leading agricultural biotechnology company, specializing in crop seed breeding and genetic improvement.
Leading the development of crop seed biotechnologies, Origin Agritech's phytase corn was the first transgenic corn to receive the
Bio-Safety Certificate from China's Ministry of Agriculture. Over the years, Origin has established a robust
biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits. Origin operates
breeding stations nationwide located in key crop-planting regions. Product lines are vertically integrated for corn. For further
information, please visit the Company's website at: http://www.originseed.com.cn or http://www.originseed.com.cn/en/ .
Forward-Looking Statements
This communication contains "forward-looking statements" as defined in the federal securities laws, including Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements address expected
future business and financial performance and financial condition, and contain words like "expect," "anticipate," "intend,"
"plan," "believe," "seek," "will," "would," "target," and similar expressions and variations. Forward-looking statements address
matters that are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and
expectations which may not be realized. They also involve risks and uncertainties, many of which are beyond the company's
control. Some of the important factors that could cause the company's actual results to differ materially from those discussed in
forward-looking statements are: failure to develop and market new products and optimally manage product life cycles; ability to
respond to market acceptance, rules, regulations and policies affecting our products; failure to appropriately manage process
safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital
markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; natural disasters
and weather events and patterns; ability to protect and enforce the company's intellectual property rights; and separation of
underperforming or non-strategic assets or businesses. The company undertakes no duty to publicly revise or update any
forward-looking statements as a result of future developments, or new information or otherwise, should circumstances change,
except as otherwise required by securities and other applicable laws.
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SOURCE Origin Agritech Limited