BEIJING, March 26, 2018 /PRNewswire/ -- Origin Agritech
Limited (NASDAQ: SEED) ("the Company" or "Origin") today announced
that Ms. Yaya Young will join
Origin's senior management team to start and manage the Company's rural e-commerce business that was
announced earlier this month.
"We're very pleased that Yaya would join our team to launch and
lead our e-commerce business. She has impressive experience in the
e-commerce business and various businesses related to rural
China, which fits very well into
our strategy of developing a Blockchain technology based rural
e-commerce platform," commented Dr.
James Chen, Origin's Chief Executive
Officer. Mr. Chen continued saying that her joining Origin's
management team represents an important milestone in the Company's
new strategic direction and the Company would move fast to
establish our rural e-commerce platform.
Ms. Young has been a successful entrepreneur in China with experience in e-commerce, rural
internet-based P2P financing platform, and agricultural commodities
exchange businesses. During her tenure as the vice president at
Beijing Nongxintong Technology Group from January 2013 to January
2016, Ms. Young led a project under the Ministry of
Agriculture to introduce rural leisure business to the urban
population and cooperated with China UnionPay to develop 1.5 million rural leisure business
clients. As the president of Hunan Tianxia Phoenix Cultural Tourism
Investment Co, Ms. Young managed the tourism projects for
Phoenix city in Hunan province between January 2012 and February
2013. Ms. Young was the vice president at Imperial State
Agricultural Commodities Exchange from March
2009 to July 2012 and was one
of the key persons who founded and operated the first pork trading
platform in China. The total pork
trading volume reached RMB40 billion during the first three years of its
operation.
"I'm very excited to join Origin Agritech and become part of the
great management team for business in rural China. Origin has established an excellent
reputation after serving the farmers in China for 20 years," said Ms. Young, "I
believe the consumption growth in rural China is a key growth engine for the Chinese
economy in the next decade and a new e-commerce business model
could help the rural China to
benefit from the new lifestyles that have already been adopted by
people in major Chinese cities."
"The joining of Yaya to our management team is a significant
step as our management team launches the e-commerce
platform," said Dr. Gengchen Han,
Chairman of the Board for Origin.
"I'm confident that with the credentials of both James and Yaya in
building social network e-commerce businesses, and the market
network Origin has accumulated over the last twenty years, we would
jump start Origin's new strategy in rural e-commerce."
Ms. Young received her bachelor degree in International Trading
from Hunan University and
completed her Master's program for Regional Economics at Renmin
University of China. She was a
news reporter in Los Angeles for
International Daily News during 2002 to 2004 and for Phoenix TV
American from 2006 to 2009. During the period between 2004 and
2006, she worked at the investment banking division of
Citigroup.
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