Origin Agritech Ltd. announced a series of major milestones designed to enhance its operational capabilities, strengthen its market position, and advance its long-term growth strategy. Origin Agritech has received a new crop seed production and operation license from the Beijing Municipal Bureau of Agriculture and Rural Affairs, authorizing the Company to produce, process, package, wholesale, and retail crop seeds. This license represents a significant step forward in expanding Origin's production capacity and operational infrastructure.
With this approval, Origin now holds two crop seed production and operation licenses in China -the other being held by its subsidiary Xinjiang OriginBio Seed Limited - enabling a broader regional footprint and greater revenue diversification across complementary markets. Additionally, the Beijing Tongzhou District Market Supervision Administration has formally approved the inclusion of genetically modified (GMO) crop seed production in the Company's business scope. This authorization allows Origin to participate in China's rapidly evolving GMO seed sector, positioning the Company to capitalize on the increasing adoption of biotechnology in agriculture.
Each specific GMO crop will continue to require individual registration and approval prior to commercialization. In parallel, Origin has increased the registered capital of its subsidiary Beijing Origin Seed Ltd. ("Beijing Origin") from RMB 30 million (USD 4.2 million) to RMB 100 million (USD 14 million). The Company has also completed a strategic restructuring, consolidating its key production and sales entities -- including Xinjiang Originbo Seed Limited -- under Beijing Origin.
Over the years, Origin has established a robust biotechnology seed pipeline, including products with glyphosate tolerance and Bt (pest resistance) traits.
