BEIJING, March 16, 2018 /PRNewswire/ -- Dr. James Chen, the Chief Executive Officer of
Origin Agritech Limited (NASDAQ: SEED) ("the Company" or "Origin"),
an agricultural biotechnology trait and corn seed technology
provider, presented the Company's strategy for SEED+ Rural
E-Commerce with Blockchain Technologies at the "Elastos x
BITMAIN Meetup: Blockchain for Scaling Large, Enterprise DApps" on
March 15, 2018.
During the Meetup, Dr. Chen discussed Origin's history of
embracing information technologies and the growing opportunities
for rural e-commerce business in China. "Origin has 20 years of operation in
rural China and has established
strong brand name across vast farmland in China", said Dr. Chen during the meetup,
"we're extending our competitive advantages for rural customer
bases, management experience and business understanding in rural
regions, and supply source tracking for agricultural products, and
we plan to startup social network e-commerce platform with products
including but not limited to agricultural inputs."
Dr. Chen also discussed the company's cooperation with Elastos
Foundation in developing Blockchain technologies for a
decentralized social network e-commerce ecosystem and agricultural
seed and produce tracking system. The presentation material is also
available for download at
http://photos.prnasia.com/prnk/20180316/2081467-1.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing,
is China'sleading agricultural biotechnology company,
specializing in crop seed breeding and genetic improvement. Leading
the development of 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. Origin operates breeding
stations nationwide located in key crop-planting regions. Product
lines are vertically integrated for corn. 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. 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 also involve 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 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.
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SOURCE Origin Agritech Limited