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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5457401ex991.txt
<DESCRIPTION>EXHIBIT 99.1
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                                                                    Exhibit 99.1


            Origin Agritech Limited Announces $40 Million
              Senior Secured Convertible Notes Financing

    BEIJING, China--(BUSINESS WIRE)--July 26, 2007--Origin Agritech
Limited (NASDAQ: SEED) ("Origin" or "the Company"), a
vertically-integrated supplier of hybrid crop seeds in China, today
announced that it entered into a Notes Purchase Agreement with
entities affiliated with Citadel Investment Group, L.L.C. ("Citadel")
on July 25, 2007. Pursuant to the Notes Purchase Agreement, Citadel
purchased $40 million in principal amount of guaranteed senior secured
convertible notes ("Notes") issued by the Company. The Notes bear
interest at a rate of 1% and are due 2012. Origin intends to utilize
net proceeds of this financing for future acquisitions and working
capital needs. For a summary of terms of this financing, please refer
to the Company's submission to the SEC under form 6-K today.

    About Origin

    Origin specializes in the research, development, production, sale
and distribution of hybrid crop seeds in China. The Company owns or
leases facilities in, among other locations, Beijing, Gansu, Henan,
Helongjiang, Liaoning, Jilin, Hainan, Sichuan, Hebei, Yunnan, Jiangsu,
Shanxi, Guizhou, Hubei, Anhui, Guangxi, Hunan and Jiangxi provinces.
Origin launched its first entirely internally developed seed in 2003.
As of 2006, Origin had ten proprietary corn hybrids, six proprietary
rice hybrids and two proprietary canola hybrids currently on the
market.

    About Citadel Investment Group, L.L.C

    Citadel is one of the world's leading financial institutions
focused on alternative asset management strategies. The Citadel group
of companies employ over 1,000 professionals at headquarters in
Chicago and across its offices around the world, including New York,
San Francisco, London, Hong Kong and Tokyo.

    Forward Looking Statements

    This release contains forward-looking statements. All
forward-looking statements included in this release are based on
information available to us on the date hereof. These statements
involve known and unknown risks, uncertainties and other factors,
which may cause our actual results to differ materially from those
implied by the forward-looking statements. In some cases, you can
identify forward-looking statements by terminology such as "may,"
"will," "should," "could," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "targets," "goals,"
"projects," "continue," or variations of such words, similar
expressions, or the negative of these terms or other comparable
terminology. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
Therefore, actual results may differ materially and adversely from
those expressed in any forward-looking statements. Neither we nor any
other person can assume responsibility for the accuracy and
completeness of forward-looking statements. Important factors that may
cause actual results to differ from expectations include, but are not
limited to, those risk factors discussed in Origin's filings with the
SEC including its transition report on Form 20-F filed with the SEC on
February 15, 2007. We undertake no obligation to revise or update
publicly any forward-looking statements for any reason.

    --30--RC/ny*

    CONTACT: Origin Agritech Limited
             Jeff Wang
             Chief Financial Officer
             0086-10-5890-7518
             or
             Irving Kau
             Vice President, Finance
             760-918-1781
             or
             Investor Relations:
             The Equity Group Inc.
             Devin Sullivan
             212-836-9608
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