BEIJING, Jan. 22, 2019 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ:
SEED) (the "Company" or "Origin"), an agriculture technology and rural e-commerce company, today announced that the
Company entered into a Financing Support Agreement with Tiger Capital Fund SPC ("Tiger Fund") and Longhan Investment Management,
Co., Ltd ("Longhan"). This agreement allows Tiger Fund to join Longhan to invest in Origin under the Share Subscription Agreement
dated as of October 16, 2018 by and between Longhan and the Company. Under the Share Subscription
Agreement and the Financing Support Agreement, Longhan and Tiger Fund will purchase 1,397,680 Shares of the Company's common
stock for an aggregate purchase price of US$7,743,147.20.
Tiger Capital Fund SPC is an investment company based in Cayman Islands. Joint investment of
Tiger Fund with Longhan will significantly increase the strength of financial support for the previously announced strategic
cooperation project in which Origin and Longhan will work together to start the commercialization of Integrated Saline-Alkaline
Land Reclamation ("ISALR") technology in 2019. Origin and Longhan will integrate seed treatment, soil treatment technologies and
seed breeding & biotechnology, as well as Origin's agricultural business platform.
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 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/.
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, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. 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 are based on management's current expectations, assumptions, estimates and projections about the Company and
the industry in which the Company operates but involve a number of 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 or obligation 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. Although the Company believes
that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations
will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider
these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
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SOURCE Origin Agritech Limited