Beijing, China
October 16, 2020
Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced that the company has been receiving investors' questions about the company's ability to scale-up GMO corn seed production in order to meet the anticipated high demand pending China's move to GMO positive. The company issued this press release to answer those questions by highlighting its production capabilities.
Origin has established a large-scale corn seed production area and built a state-of-art seed process and conditioning plant through Xinjiang OriginBo Seed Limited, Origin's subsidiary for seed production. The plant has the potential capability to produce 30,000 Tons of GMO corn seed per year, which would cover a planting area of 20M Mu (1.33M HA).
"We have developed a portfolio of what we believe to be the highest quality GMO corn seed traits in China," said Dr. Gengchen Han, Origin's Chairman and Chief Executive Officer. "But in order to be in control of our own destiny and to be positioned to fully capitalize on this huge developing market opportunity we invested heavily to establish our own production capabilities. With our seed traits moving through the approval process, our massive production capacity and our large distribution network we are ideally positioned for success."
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. 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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