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Origin Agritech Receives National Testing Standard Approval for Two GMO Corn Traits

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Origin Agritech Ltd. (NASDAQ: SEED) announced the approval of the Standard Testing Method for two GMO corn seed traits by China's Ministry of Agricultural and Rural Affairs. The approved traits are G1105E-823C, which combines insect resistance with herbicide tolerance, and GH5112E-117C, which provides herbicide tolerance. This approval follows third-party testing and will establish national standards for future testing from November 1, 2020. The company remains a pioneer in agricultural biotechnology, having previously achieved significant milestones in crop seed innovation.

Positive
  • Approval of G1105E-823C and GH5112E-117C traits may enhance market position.
  • Establishment of standard testing methods could streamline future commercialization.
  • Demonstrates compliance with regulatory requirements, potentially boosting investor confidence.
Negative
  • None.

BEIJING, Sept. 22, 2020 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced that the Standard Testing Method and Procedures of the company's two GMO corn seed traits have been approved in a newly published National Standards Catalog by The Ministry of Agricultural and Rural Affairs of China (MOA).

The traits that received the National Testing Standard approval are G1105E-823C, a double stack of insect resistance and herbicide tolerance corn and GH5112E-117C, an herbicide tolerance corn.

As part of the approval process, Origin's traits were tested and reviewed by third-party institutes appointed by the MOA. This method will be the national standard for testing procedures for these traits in future variety development and commercialization. According to the publication, the Standard will be implemented on November 1, 2020.

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: 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, 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.

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Contact:

Joe Ramelli
Phone: (310) 845-6238
Email: joeramelli@originseed.com.cn

Cision View original content:http://www.prnewswire.com/news-releases/origin-agritech-receives-national-testing-standard-approval-for-two-gmo-corn-traits-301135196.html

SOURCE Origin Agritech Limited

FAQ

What two corn traits did Origin Agritech receive national testing approval for?

Origin Agritech received approval for G1105E-823C and GH5112E-117C corn traits.

When will the new testing standards for GMO corn traits be implemented?

The new testing standards will be implemented on November 1, 2020.

Which Chinese government body approved Origin Agritech's corn traits?

The Ministry of Agricultural and Rural Affairs of China approved the corn traits.

What are the benefits of G1105E-823C and GH5112E-117C traits?

G1105E-823C offers insect resistance and herbicide tolerance, while GH5112E-117C provides herbicide tolerance.

How does this approval impact Origin Agritech's future operations?

This approval may enhance Origin Agritech's market position and streamline future commercialization efforts.

Origin Agritech Limited

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