The sale brings approximately US$15.0 million to support working capital, R&D, new corn varieties, and market expansion, while the five-year lease-back maintains supply stability

BEIJING, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Origin Agritech Limited (NASDAQ:SEED) ("Origin" or the "Company"), a leading Chinese agricultural technology company, today announced that its indirect subsidiary, Beijing Origin Agriculture Limited ("Beijing Origin"), has entered into an equity transfer agreement (the "Agreement") to sell its 70.5184% equity interest in Xinjiang Originbo Seed Limited ("Xinjiang Originbo"), the Company's principal corn seed production and processing base (the "Base"), to Hunan Xindaxin Limited ("Hunan Xindaxin") for RMB 108 million (approximately US$15.0 million). Beijing Origin has also signed a five-year lease for all the buildings, machinery, equipment, and other assets comprising the Base, running from October 1, 2026, to September 30, 2031. The lease-back preserves the Company's core business operations: seed production and sales at the Base continue to be recorded by Beijing Origin; overall management of the Base remains stable; and operating personnel are unchanged, except for core finance and risk control roles.