Beijing, China
July 30, 2018
Origin Agritech Ltd. (NASDAQ: SEED) ("the Company" or "Origin") an agricultural biotechnology trait and corn seed provider, today announced that Mr. Rong Chen and Mr. Aiyang Wang will join the Company's Board of Directors as independent board members.
Mr. Rong Chen, founder of Elastos Foundation, is a technology industry veteran of over 30 years with 18 years of entrepreneurial experience and 8 years of operating system development experience at Microsoft. Mr. Chen launched Elastos Foundation in June, 2017 for cryto-tokens and developing Blockchain technologies. Mr. Chen founded Kortide in Beijing in 2000 to design and implement Elastos, an advanced operating system for a secure Internet, from scratch. Mr. Chen has a computer science B.Eng degree from Tsinghua University and a Master degree from the University of Illinois at Urbana-Champaign. Mr. Rong Chen agreed to join Origin's board as announced in the Company's press release dated February 15, 2018 when the Company announced the cooperation with Elastos Foundation.
Mr. Aiyang Wang, one of the Founders and CEO of Shenzhen DB Investment Management Co., Ltd., has over 15 years of experience in multi-functional management, capital market operations and cross-border mergers & acquisitions. During 2000 and 2014, Mr. Wang held various positions, including the Secretary of Board, and General Manager of Office in Shum Yip Group Limited, which holds several public listed companies including Shenzhen Investment (00604.HK) and Pingan Insurance (02318.HK, 601318.SZ). Mr. Wang has an EMBA degree from China Europe International Business School (CEIBS) and a Master Degree of Economics from Sun Yat-Sen University and Shantou University.
"On behalf of the Board, I extend a warm welcome to Rong and Aiyang," said Dr. Gengchen Han, Chairman of the Board of Directors. "As we're moving forward with our new strategic directions, especially in the e-commerce business and blockchain technologies, our new board members could provide instrumental advices with their great experiences in the fields of technology and investment management. We believe they could add significant values to our organization and our shareholders."
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