Origin Agritech Ltd. (NASDAQ: SEED), a leading agriculture technology firm, has announced that it has been awarded a grant of RMB 2 million (around $280,000 USD) by the Xinjiang government. The grant is aimed at assisting Origin’s initiative to establish a local Germplasm Bank in Xinjiang and to advance the contract growing of Nutritionally Enhanced Corn (NEC) in the area.
Dr. Gengchen Han, Chairman of Origin Agritech, expressed his appreciation for the government’s support of the Company’s efforts. “We are deeply grateful for this show of support from the Chinese government. This grant not only offers valuable resources for our work, but it also represents a significant endorsement of our efforts to modernize agriculture in China and contribute to regional food security,” stated Dr. Han.
Origin Agritech interprets the grant as a strong signal of the government’s commitment to modernizing the agricultural sector. The company believes this support could indicate potential future backing for projects aimed at improving the agricultural landscape across China. This collaboration between Origin and the Xinjiang government represents an important step towards the transformation of agriculture in the region, highlighting the importance of innovation and technology in meeting the challenges of food security.
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