Origin Agritech Ltd Updates on Progress of GMO Corn Hybrid Trials

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May 11, 2021, 11:23 ET

BEIJING, May 11, 2021 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced progresses in official government trial of GMO corn hybrid varieties.

One herbicide resistant (Gt) variety has completed its final trial and is pending final approval. Under the agricultural regulations in China, both the GMO traits and the hybrid corn varieties require government approval before the seed can be sold commercially. In general, the government hybrid variety trials take two years to completion.

In addition, five of Origin's insect resistant and herbicide resistant (Bt/Gt) double stack GMO corn hybrid varieties have advanced to the second-year variety trials. Three more new elite Bt/Gt corn hybrids will join the first-year government variety trials next year. In total, 27 elite commercial hybrids have been converted to GMO corn hybrids in different stages of evaluation trials. Furthermore, thirteen GMO Phytase have completed the trials and are pending final approval.

Dr. Gengchen Han, Origin's Chairman, said, "We are very excited by the progresses we are making in the approval process of our hybrid corn varieties. This further shows the importance of our corn seed germplasms in bringing GMO corn to the commercial markets, which will give us production ready product lines once our GMO technology receives regulatory approval."

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/. The company also maintains a twitter account for updating investors on company and industry developments, which is @origin_agritech.

Forward-Looking Statements

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Contact:

Joe Ramelli
Phone: (310) 845-6238
Email: [email protected]

SOURCE Origin Agritech Limited