Beijing, China
October 22, 2018

Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology and rural e-commerce company, today announced that the Company entered into a Share Subscription Agreement with Longhan Investment Management, Co., Ltd ("Longhan"). Under this agreement, Longhan will purchase 1,397,680 Shares of the Company's common stock for an aggregate purchase price of US$7,743,147.20.

As previously announced, Origin has entered a strategic cooperation agreement with Longhan, under which Origin and Longhan will work together to start the commercialization of Integrated Saline-Alkaline Land Reclamation ("ISALR") technology in 2019, both in China and globally. Origin and Longhan will integrate seed treatment, soil treatment technologies and seed breeding & biotechnology, as well as Origin's agricultural business platform. With Longhan's investment into the Company's stock, both Origin and Longhan plan to speed up the strategic cooperation and the commercialization process for the ISALR technology.

Website: http://www.originagritech.com

Published: October 22, 2018