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Origin Agritech LimitedWishes Shareholders a Happy Holiday Season, Company to Report FY 2010 Operating Results on January 18, 2

^{Published on 2010-12-29 09:05:57 - Market Wire}
 

BEIJING--([ BUSINESS WIRE ])--Origin Agritech Limited (NASDAQ: SEED) (aOrigina or the aCompanya), a verticallya"integrated supplier of hybrid and genetically a" modified crop seeds in China, will announce audited financial results for the fiscal year ended September 30, 2010 on January 18, 2011. These results reflect the Companya™s financial statements during the period from October 1, 2009 to September 30, 2010. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States.

"We had three positive quarters this year, and we continue to press on toward more advanced agricultural technologies and more comprehensive partnerships, as we are determined to drive improved company-wide performance going forward."

aWe continue to proud of our positive growth trends demonstrated both in FY09 and the earlier quarters for FY10. While the fiscal fourth quarter tends to be a more lesser contributor to the year round results, the aggregate fiscal year end results will summarize the positive growth trends for the company as a whole. The strength of our renewed product portfolio and our long-term, technology-based solutions are meeting the demands of a growing market opportunity as reflected in our expanding margins," said Liang Yuan, Origin president and chief executive officer. "We had three positive quarters this year, and we continue to press on toward more advanced agricultural technologies and more comprehensive partnerships, as we are determined to drive improved company-wide performance going forward."

Conference Call Information

The Company will host a teleconference on January 18, 2011, at 8:30 a.m. EST / 9:30 p.m. Beijing time to discuss the fiscal year end results. To participate in the call, please dial +1-877-407-9210 in North America, or +1-201-689-8049 internationally, approximately 15 minutes prior to the scheduled start time.

About Origin

Founded in 1997 and headquartered in Beijing, Origin Agritech Limited (NASDAQ GS: SEED) is Chinaa™s leading, vertically-integrated agricultural biotechnology company specializing in research, development and production to supply the growing populations of China. Origin develops, grows, processes, and markets high quality, hybrid crop seeds to farmers throughout China and parts of Southeast Asia via a network of approximately 3,800 first-level distributors and 65,000 second-level distributors and retailers, and possesses a pipeline of genetically modified seed products including glyphosate resistant corn and Bt Corn. The first genetically modified corn seed product for China, Phytase corn, was approved in November 2009 of which Origin possesses exclusive rights. For further information, please log on [ www.originagritech.com ].

Forward Looking Statement

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 January 18, 2011. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.