Origin Agritech Announces Change in Chief Executive Officer

Origin Agritech Limited (NASDAQ: SEED) today provided an update on its management team.

Mr. Liang Yuan, President, Chief Executive Officer (CEO), and Director has informed Origin of his intention to resign from his current position as President and Chief Executive Officer for personal reasons effective immediately. Dr. Gengchen Han, Chairman of Origin, will assume the role of acting CEO.

Mr. Yuan was a key founder of Origin from 1997 and took the title of President and CEO in December 2008. He most recently was responsible for overseeing company operations, including manufacturing and facilities, as well as sales and distribution channels.

Dr. Gengchen Han, Chairman of Origin Agritech, said “I sincerely regret Liang's departure, however, I respect his decision, and remain most grateful for his service. Capitalizing on his strong leadership, entrepreneurial spirit and teamwork, Liang has played a critical role in growing the Origin franchise over the years. His industriousness and dedication have been recognized by every member of the Origin community and we all wish him the best of luck in his future endeavors. As Origin is moving from traditional hybrid seed business to high-entry-barrier biotech GMO, we will also take this opportunity to transition to a professional management team for future business operations.”