Origin Receives Proceeds From First Closing Of Seed Business Sale; Will Cancel The Second Closing

ORIGIN RECEIVES PROCEEDS FROM FIRST CLOSING OF SEED BUSINESS SALE; WILL CANCEL THE SECOND CLOSING Jul. 26, 2018 Source: Origin Agritech news release Origin Agritech Ltd. an agricultural biotechnology trait and corn seed provider, today announced that the Company received the asset sale proceeds of RMB 24.14 million from the first closing of the asset sale transaction from Beijing Shihui Agricultural Development Co., Limited , with this payment, the first phase of sale is completed. The Company will work with Beijing Shihui to cancel the second phase for the sale of its commercial seed business.

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