BEIJING, Nov. 14,
2023 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ:
SEED) (the "Company" or "Origin"), a leading Chinese agricultural
technology company, today recapped remarks made by Dr. Gengchen
Han, Chairman and Chief Executive Officer of Origin Agritech,
during a panel discussion on The Role of Biotechnology in
Achieving Food Security at the 2023 Asia-Pacific Agri-Food
Innovation Summit (the "Summit") on Tuesday,
October 31 in Singapore.
Dr. Han emphasized the dramatic progress made with genetically
modified organisms (GMOs) and gene editing technologies. He pointed
out the significant advancements in crop productivity and cost
reductions attributable to these technologies. Particularly
noteworthy was the reversal of roles for China and Latin
America, with the former transitioning from a soybean
exporter to the world's largest soybean importer, a change spurred
by the adoption of GMO crops.
The panel addressed the challenges faced by the industry,
including the high costs associated with bringing GM crops to
market and the public's mixed acceptance of GMOs. However, the
future seems promising, with gene editing poised as a less costly
and time-consuming alternative with broader applications for a
variety of crops.
Dr. Han presented a demonstration of the practical applications
of gene editing, revealing significant improvements in nitrogen
efficiency and yield in corn without the introduction of foreign
genes by Origin Agritech. This breakthrough underscores the
potential for gene editing to revolutionize agriculture by
enhancing crop efficiency and reducing dependency on
fertilizers.
Investment in biotechnology was another critical topic, with Dr.
Han noting the need for increased financial backing, especially in
Asia. Despite the region's growing
commercialization of biotech crops, funding remains insufficient to
meet the burgeoning demands of research and development.
Intellectual property protection emerged as a vital conversation
point, reflecting a changing attitude in Asia, where there is now a greater respect for
intellectual property. This shift is crucial for securing the
investments needed to propel biotech innovations forward.
The panel concluded with a consensus on biotech's vast potential
for tackling food security issues in Asia. However, a one-size-fits-all approach
will not suffice. Innovators in the sector must consider tailored
business models and pricing strategies to succeed in diverse Asian
markets.
To watch the panel discussion in its entirety, visit the
following link:
https://www.youtube.com/watch?v=Lj2E3gx3IQE
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural
technology company. In 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. For further information, please visit the Company's
website at www.originagritech.com. The Company also maintains a
Twitter account for updating investors on company and industry
developments, which is https://x.com/origin_agritech.
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, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. 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 are based on management's current expectations,
assumptions, estimates and projections about the Company and the
industry in which the Company operates but involve a number of
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 or obligation 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.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Origin Agritech Limited