BEIJING, Aug. 23, 2018 /PRNewswire/ -- Origin Agritech
Ltd. (NASDAQ: SEED), ("the Company" or "Origin") an agriculture technology and rural e-commerce company, today announced
thatthe Company has started new cooperation programs with other seed suppliers in China to
integrate the company's GMO traits with the seed varieties from other suppliers.
"This is a significant step forward for the commercialization of our GMO technologies. As more and more corn seed suppliers
are realizing the value of GMO technology, they start to work with us in order to get ready to
license our GMO technologies," said Dr. James Chen, Origin's Chief Executive Officer.
Origin is the leading technology provider for corn seed GMO technologies in China. According to the "Thirteenth Five Year State Science and Technology Innovative Plan" published by the Chinese
government in 2016, the Chinese government set to target the commercialization of corn seed GMO technologies during the central
government's Thirteenth Five-Year Plan, which ends in 2020. Additionally, the recent crackdowns of illegal GMO seeds of
several high profiled corn seed providers by the Chinese government help the government to pave the way for full
commercialization of the corn seed GMO technology.
Origin has prepared to be ready for the commercialization of its GMO technologies and is working with other seed suppliers to
integrate its GMO traits into the seed varieties of these suppliers in order to license its technologies upon the
commercialization approval from the Chinese government. China has the corn planting acreage
similar to the United States and the market value for the corn seed GMO technology could reach
over multi billion dollars in China.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China'sleading agricultural technology and a rural social
e-commerce company, expanding in mid-2018 from crop seed breeding and genetic improvement business to be a leading technology
developer in new rural e-commerce platform and Blockchain technologies. In 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. For further information, please visit the Company's website at: http://www.originseed.com.cn or http://www.originseed.com.cn/en/.
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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
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forward-looking statements as a result of future developments, or new information or otherwise, should circumstances change,
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SOURCE Origin Agritech Limited