Business
Origin Agritech Secures RMB 2 Million Grant for Building Germplasm Bank in Xinjiang
BEIJING, July 19, 2023 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today
About this update from Origin Agritech Limited
[{"type":"text","content":"BEIJING, July 19, 2023 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the \"Company\" or \"Origin\"), an agriculture technology company, announced today that it has been awarded a grant of RMB 2 million (approximately $280,000 USD) from the Xinjiang government. The grant aims to support Origin's efforts to build a local Germplasm Bank in Xinjiang and the Company's contract growing of Nutritionally Enhanced Corn (NEC) in the region.\nDr. Gengchen Han, Chairman of Origin Agritech, expressed his gratitude for the government's support and endorsement of the Company's efforts. \"We are deeply grateful for this show of support from the Chinese government. This grant not only provides valuable resources for our work, but also serves as a significant validation of our efforts to modernize agriculture in China and contribute to regional food security,\" Dr. Han stated.\nThe Company believes that the grant signifies the government's commitment to modernizing the agriculture sector and signals the potential for future support for initiatives aimed at improving the agricultural landscape in China.\nAbout Origin Agritech Limited\nOrigin 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 www.originagritech.com. The company also maintains a twitter account for updating investors on company and industry developments, which is @origin_agritech.\nForward-Looking Statements\nThis 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...