BEIJING, Aug. 23,
2024 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ:
SEED) (the "Company" or "Origin"), a leading Chinese agricultural
technology company, is pleased to announce the appointment of Mr.
Weibin Yan as the new Chief
Executive Officer (CEO) and member of the Board of Directors,
effective immediately. Dr. Gengchen Han, who has served as CEO,
will continue as Chairman of the Board.
Mr. Yan brings a wealth of experience and leadership to Origin
Agritech, with a distinguished career in the agricultural and
industrial sectors. He is currently the Vice-Chairman of the Hunan
Provincial Federation of Industry and Commerce. Mr. Yan was one of
the principal founders of Ausnutria Dairy Corporation Ltd.
("Ausnutria"), a company listed on the Hong Kong Stock Exchange,
where he served as Chairman from its establishment until
September 2023. Under his leadership,
Ausnutria became a leading global player in the dairy industry.
Mr. Yan also served as a director of Yuan Longping High-tech
Agriculture Co., Ltd. ("Longping High-tech"), listed on the
Shenzhen Stock Exchange, from 2004 to January 2016. At Longping High-tech, he held
various executive roles, including Chief Executive Officer from
2004 to April 2010 and Vice Chairman
of the Board of Directors from 2010 to January 2016.
In addition, Mr. Yan has a history with Origin Agritech, having
served as an independent director of the Company from 2017 to 2018.
His deep understanding of the Company's operations and strategic
direction, combined with his vast experience, positions him well to
lead Origin Agritech through its next growth phase.
Mr. Yan holds an MBA in Business Administration from
Hunan University, where he also
earned his Bachelor's degree in Industrial and Foreign Trade.
Dr. Gengchen Han, Chairman of Origin Agritech, commented: "We
are delighted to welcome Mr. Weibin
Yan as our new CEO and as a member of our Board of
Directors. His extensive experience in agriculture and his proven
leadership in building and growing successful companies make him
the ideal person to lead Origin Agritech into its next phase of
growth and innovation. His experience as an independent director
furthers his understanding of our mission and strategic goals. I
look forward to working closely with him as we continue to advance
our mission of providing sustainable agricultural solutions to meet
global food security challenges."
Mr. Weibin Yan, CEO of Origin
Agritech, stated: "I am honored to rejoin Origin Agritech at such a
pivotal time in the company's history. The advancements in GMO
technology and gene editing that Origin has achieved are truly
impressive, and I am excited to lead the company as we work to
commercialize these innovations and expand our impact on global
agriculture. I look forward to contributing to the Board and
leading the talented team at Origin to push the boundaries of
what's possible in crop development and deliver significant value
to 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 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.
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
