BEIJING–(BUSINESS WIRE)–Origin Agritech Limited (“Origin” or “SEED”) (Nasdaq GS: SEED) today announced that it will issue financial results for the three months and year ended September 30, 2008 after the close of the stock market on Monday, March 23, 2009. Management will conduct a conference call on Tuesday, March 24, 2009 at 9:00 am Eastern Standard Time to discuss these results. A question and answer session will follow management’s presentation.
To participate, please call the following numbers 10 minutes before the conference call start time and ask to be connected to the Origin Agritech Limited or SEED conference call:Phone Number: +1-877-407-6180 (North America)
Phone Number: +1-201-689-8050 (International)
The internet audio stream will be available until 11:59 pm Eastern Time on Friday, March 31, 2009. A copy of the earnings press release and company information will also be available at Origin??s corporate web site at:
Founded in 1997 and headquartered in Beijing, Origin Agritech Limited (NASDAQ GS: SEED) is China??s leading, vertically-integrated agricultural technology company specializing in agri-biotech research, development and production to supply the growing populations of China. Origin develops, grows, processes, and markets 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. The hybrid seed industry is estimated at US.5 billion and that is expected to double within the next five years. The Company currently operates facilities in 30 of 32 provinces in China. Since Origin launched its first entirely internally developed seed in 2003, the Company has developed 26 proprietary corn seed products, 19 proprietary rice seed products, 5 proprietary cotton seed products and 4 proprietary canola seed products that are in commercial production and distribution as of December 2008. For further information, please log on www.originagritech.com.
Forward Looking StatementThis 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 March 23, 2009. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Origin Agritech Limited
Irving Kau, 949-726-8101 or 011-86-136-8108-0243
Vice President, Finance