BEIJING, July 30, 2018 /PRNewswire/ -- Origin
Agritech Ltd. (NASDAQ: SEED) ("the Company" or "Origin")
an agricultural biotechnology trait and corn seed provider, today announced that Mr.
Rong Chen and Mr. Aiyang Wang will join the Company's Board of
Directors as independent board members.
Mr. Rong Chen, founder of Elastos Foundation, is a technology
industry veteran of over 30 years with 18 years
of entrepreneurial experience and 8 years
of operating system
development experience at Microsoft. Mr. Chen launched
Elastos Foundation in June, 2017 for cryto-tokens and developing
Blockchain technologies. Mr. Chen founded Kortide in Beijing in 2000 to design and implement
Elastos, an advanced operating system for a secure Internet, from
scratch. Mr. Chen has a computer
science B.Eng degree from Tsinghua University and a Master
degree from the University of
Illinois at Urbana-Champaign. Mr. Rong Chen agreed to join
Origin's board as announced in the Company's press release dated
February 15, 2018 when the Company
announced the cooperation with Elastos Foundation.
Mr. Aiyang Wang, one of the Founders and CEO of Shenzhen DB
Investment Management Co., Ltd., has over 15 years of experience in
multi-functional management, capital market operations and
cross-border mergers & acquisitions. During 2000 and 2014, Mr.
Wang held various positions, including the Secretary of Board, and
General Manager of Office in Shum Yip Group Limited, which holds
several public listed companies including Shenzhen Investment
(00604.HK) and Pingan Insurance
(02318.HK, 601318.SZ). Mr. Wang has an EMBA degree from China Europe International Business
School (CEIBS) and a Master Degree
of Economics from Sun Yat-Sen
University and Shantou University.
"On behalf of the Board, I extend a warm welcome to Rong and
Aiyang," said Dr. Gengchen Han, Chairman of the Board of Directors.
"As we're moving forward with our new strategic directions,
especially in the e-commerce business and blockchain technologies,
our new board members could provide instrumental advices with their
great experiences in the fields of technology and investment management. We believe they
could add significant values to our organization and our
shareholders."
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing,
is China's leading 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