Origin Agritech announces long-term revenue projections across key product lines through 2029

Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, announced its revenue projections for key product lines through the year 2029.

Assumptions:

• In 5 years, China's GMO corn will account for 70% of the total corn planting area, about 400 million mu. Origin aims to have a 5% market share of about 20 million mu (GMO seed sale & IP granting).

• Exchange rate $:￥:7.2622 (July 15)

• GMO seeds sale begins to contribute revenue in 2025

• GMO IP granting business begins to contribute revenue in 2027

Dr. Gengchen Han, Chairman and CEO of Origin Agritech, commented: "We are excited about the growth prospects for Origin Agritech as we continue to innovate and expand our product offerings. These revenue projections and our clear timeline for GMO corn variety approvals reflect our commitment to delivering high-value solutions to farmers worldwide and significant value to our shareholders. By leveraging our GMO technology and gene editing expertise, we are well-positioned to address global food security challenges and promote sustainable agricultural practices."