Origin Agritech Announces Strategic Provincial Distribution Agreement for Corn Seeds in Shandong Province and Receives RMB 2.9 Million in Initial Payments
Key Highlights
- ➤RMB 2.9 million initial payment received from Jingkun Trading toward 2026–2027 prepayment obligations
- ➤Three-year agreement appoints Jingkun Trading exclusive provincial distributor across Shandong Province
- ➤Agreement includes progressively increasing annual minimum sales commitments over three years
- ➤Distribution portfolio includes Jinqiao 8, Jingke 317, Liyu 16, and Aoyu 510 corn varieties
Expert Statements
Weibin Yan, Chief Executive Officer of Origin Agritech
“Shandong is a market where seed distribution is relationship-driven and channel execution determines commercial outcomes,”
Weibin Yan, Chief Executive Officer of Origin Agritech
“Jingkun Trading has an established provincial network and a demonstrated ability to manage complex dealer ecosystems. This agreement extends our commercial reach into a province that matters for volume, while maintaining brand control through a single point of accountability. Receipt of the initial payments is a concrete validation step—distribution agreements are only meaningful when counterparties fund them. The prepayment structure we negotiated is designed to align incentives and provide visibility into channel commitments before seed production and delivery.”
Weibin Yan, Chief Executive Officer of Origin Agritech
“We have spent the last year rebuilding our commercial infrastructure and establishing the accountability framework required to scale,”
Weibin Yan, Chief Executive Officer of Origin Agritech
“Provincial-level partnerships like this one are how that infrastructure converts into market share. The prepayments received under this agreement are consistent with the funded-commitment model we have emphasized and provide visibility into channel commitments ahead of the 2026-2027 operating season. We will continue to disclose material developments as we execute against our commercial plan.”
Three-Year Agreement Appoints Jinan Jingkun Trading as Exclusive Provincial General Distributor; Initial Prepayments Received Toward 2026–2027 Corn Seed Operating Cycle
BEIJING, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company” or "Origin”), a leading Chinese agricultural technology company, today announced that its subsidiary, Beijing Origin Agritech Agriculture Co., Ltd., has entered into a Provincial General Distribution Agreement with Jinan Jingkun Trading Co., Ltd. ("Jingkun Trading”), appointing Jingkun as the exclusive provincial general distributor for Origin's corn seed products across Shandong Province. Under the agreement, Jingkun Trading has made an initial payment of RMB 2.9 million, representing partial fulfillment of its prepayment obligations.
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