BEIJING, Feb. 26, 2019 /PRNewswire/ -- Origin Agritech Ltd.
(NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology and rural e-commerce company, today announced
that Ms. Fei Wang will join the Company's Board of Directors as an independent board member.
Ms. Fei Wang (Faye), 41, currently serves as Global Finance Director of UTStarcom Holdings
Corp. ("UTStarcom"), a provider of broadband equipment and solutions listed on NASDAQ. Ms. Wang has served in various financial
functions, including Investor Relation Director in UTStarcom since 2011. Prior to UTStarcom, Ms. Wang had more than seven years
financial experience in several publically listed multinational companies based in the United
States. Ms. Wang received her master's degree in Financial Accountancy from the Rutgers
University and her bachelor's degree in Accounting from City University of New York. Ms. Wang
is a member of the American Institute of Certified Public Accountants.
"On behalf of the Board, I extend a warm welcome to Faye," said Dr. Gengchen Han, Chairman of the Board of Directors. "Faye is
experienced in matters relating to U.S. listed companies. As an AICPA member and the first woman board member, her joining will
not only strengthen our Board but also broaden Board member's diversity."
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.
View original content:http://www.prnewswire.com/news-releases/origin-agritech-appoints-new-director-300802122.html
SOURCE Origin Agritech Limited