Origin Agritech Ltd. (NASDAQ:SEED) (the “Company” or “Origin”), an agriculture technology company, announced today that it has been awarded a grant of RMB 2 million (approximately $280,000 USD) from the Xinjiang government. The grant aims to support Origin’s efforts to build a local Germplasm Bank in Xinjiang and the Company’s contract growing of Nutritionally Enhanced Corn (NEC) in the region.
Dr. Gengchen Han, Chairman of Origin Agritech, expressed his gratitude for the government’s support and endorsement of the Company’s efforts. “We are deeply grateful for this show of support from the Chinese government. This grant not only provides valuable resources for our work, but also serves as a significant validation of our efforts to modernize agriculture in China and contribute to regional food security,” Dr. Han stated.
The Company believes that the grant signifies the government’s commitment to modernizing the agriculture sector and signals the potential for future support for initiatives aimed at improving the agricultural landscape in China.
