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Origin's new corn hybrid seeds approved in provinces throughout China
Posted by: Prof. Dr. M. Raupp (IP Logged)
Date: March 06, 2008 12:16PM

Origin Agritech Limited ("Origin"), a leading technology-focused
supplier of crop seeds and agri-biotech research in China, today announced
it has approved five new corn hybrid varieties for its product line for
distribution during the next sales season in provinces throughout Central
and West China. The company now has over 50 total corn hybrids approved for
sale throughout China and its revenues consisted of 74.4% revenues from corn
seed in 2007.
The new corn seed products include Ao Yu 1, Ao Yu 2, Ao Yu 5, Ao Yu 7,
and Li Yu 35 approved in Xinjiang, Gansu, Shanxi, Sichuan and Shandong
provinces separately, and should provide increased product coverage for our
company throughout China. This marks the company's 10th year of their own
internal breeding program.

Of the new products, we are excited to announce the acceptance of Li
Yu 35 in Shandong province, which remains an important corn growing area in
China. The Shandong province is second only to the Jilin province in corn
production with 17.4 million tons of annual production to Jilin's 18.0
million tons of production. Li Yu 35 was also approved in Hebei, Henan,
Shanxi, Anhui, and Tianjin.

Liang Yuan, co-Chief Executive Officer of Origin Agritech, commented,
"Our accumulated hybrid germplasm from our conventional breeding techniques
forms a base for our next generation, genetically developed seed. Our
strategy continues to be to accumulate our local hybrid seeds to facilitate
our genetically modified product line. This should not only add to our
hybrid products for us in the near term, but provides a wider base to build
upon and grow our genetically modified products in the long term."

The seed variety approval process is one of the most stringent
regulatory requirements in all of China. The approval requires the applicant
to undergo two growing seasons of monitored growth in at least five
different locations in the region. Seeds submitted for testing are planted
together with control seeds, which are typically the most popular seeds in
the testing regions. Only seeds that have an increased yield of 8% or higher
versus the control seeds, and that rank in the top six among all seeds being
tested are cleared to proceed to the second year of testing. When
successful, the approval is granted.

About Origin
Founded in 1997 and headquartered in Beijing, Origin Agritech Limited
(NASDAQ: SEED) is one of China's leading, vertically-integrated agricultural
technology company specializing in agri-biotech research, development and
production to supply the growing populations of China. Origin develops,
grows, processes, and markets crop seeds to farmers throughout China and
parts of Southeast Asia via a network of approximately 3,800 first-level
distributors and 6,500 second-level distributors. The hybrid seed industry
is estimated at US$2 billion and that is expected to double by 2010. The
Company currently operates facilities in 30 of China's 32 provinces as well
as Beijing. Since Origin launched its first entirely internally developed
seed in 2003, the Company has developed and commercialized a proprietary
seed portfolio of twelve corn hybrids, twelve rice hybrids and two canola
hybrids. For further information, please log on www.originagritech.com.

Forward Looking Statements
This release contains forward-looking statements. All forward-looking
statements included in this release are based on information available to us
on the date hereof. These statements involve known and unknown risks,
uncertainties and other factors, which may cause our actual results to
differ materially from those implied by the forward-looking statements. In
some cases, you can identify forward-looking statements by terminology such
as "may," "will," "should," "could," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "targets," "goals,"
"projects," "continue," or variations of such words, similar expressions, or
the negative of these terms or other comparable terminology. Although we
believe that the expectations reflected in the forward-looking statements
are reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. Therefore, actual results may differ materially
and adversely from those expressed in any forward-looking statements.
Neither we nor any other person can assume responsibility for the accuracy
and completeness of forward-looking statements. Important factors that may
cause actual results to differ from expectations include, but are not
limited to, those risk factors discussed in Origin's filings with the SEC
including its annual report on Form 20-F filed with the SEC on February 27,
2008. We undertake no obligation to revise or update publicly any
forward-looking statements for any reason.

[www.pr-inside.com]



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