Origin Agritech Limited (NASDAQ: SEED) (“Origin” or the “Company”)
, a technology-focused supplier of hybrid and genetically modified crop seeds in China, today announced its operating company, Beijing Origin Seed Limited (“Beijing Origin”) and Henan Agricultural University (“HAU”) jointly established S. K. Wu Corn Research Institute. The Institute will focus on corn genetics research, hybrid development and crop seed technologies. It will also provide a platform for research exchange and technology transfer between HAU and Origin.
The opening ceremony for the S. K. Wu Corn Research Institute took place in Zhengzhou on Friday, April 20, 2012. VIP guests at the ceremony included Mr. Mancang Liu, Vice Governor of Henan Province, Ms. Qiong Zhang, President of HAU, Dr. Gengchen Han, Chairman and CEO of Origin, and Dr. Mike Trimble, Origin’s board member. Also attending the event were key delegates from the Provincial Department of Agriculture, Provincial Department of Education, Science and Technology Department, Provincial Agricultural Development Office, and Academy of Agricultural Sciences.
“Dr. Wu is the pioneer of hybrid corn breeding in China. He was not only my mentor but the inspiration for me to return to China and start Origin Agritech 15 years ago. S. K. Wu Corn Research Institute represents Origin’s continued commitment to crop research and development. In addition, cementing our strategic alliance with HAU would help broaden our leadership position in both hybrid seed and corn genetic research in China,” commented Dr. Han, Chairman and CEO of Origin and a former student of Dr. Wu.
“The establishment of S. K. Wu Corn Research Institute would go a long way toward promoting the growth of both regional and national corn seed industry,” commented Mr. Liu. He emphasized that this Institute is an example of endeavors that fit the spirit of the Chinese Central Government’s policy to further promote seed technologies. Mr. Liu indicated that naming the Institute after Dr. S. K. Wu, one of China’s leading corn genetic and breeding scientists, is the best way to honor Dr. Wu and his contributions.