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<FILENAME>a5485872-ex991.txt
<DESCRIPTION>EXHIBIT 99.1
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                                                                    EXHIBIT 99.1

                     Origin Agritech Limited Signs
 Letter of Intent to Acquire Guang Xi Fortuneland Agricultural Corp.
                                 Ltd.


    BEIJING--(BUSINESS WIRE)--September 5, 2007--Origin Agritech
Limited ("Origin") (NasdaqGS: SEED), a vertically-integrated supplier
of premium corn, rice, cotton and canola crop seeds, today announced
that it has signed a letter of intent to acquire a majority interest
in Guang Xi Fortuneland Agricultural Corp. Ltd. ("Guang Xi
Fortuneland") in an all-cash transaction. Guang Xi Fortuneland
specializes in the manufacture, sale, and distribution of chemical and
fertilizer products in southern China. Based on preliminary analysis
and historical results, Origin believes that Guang Xi Fortuneland
generates annual revenues in excess of US$100 million, and has a
significant share of the provincial market. Origin hopes to consummate
the acquisition within an agreed upon time frame following the
completion of, among other things, required audits and additional due
diligence, and the signing of a definitive agreement. Additional
details will be released following the closing of the acquisition.

    According to Dr. Gengchen Han, Chairman and CEO of Origin, "Upon
successful completion of this acquisition, Origin management will have
the ability to sell our products into 5,000 distribution points in the
Guangxi province, providing new channels domestically, and
internationally into southeast Asia. This will give Origin the ability
to produce and cross-sell its own suite of agricultural products with
an established fertilizer and pesticide brand throughout China. It
also important to note the consumption of fertilizer in China has
increased steadily and substantially over the last 30 years, and we
expect that its use will continue to increase in the coming years."

    Dr. Han continued, "With biotechnology evolving in the upcoming
decade, we believe this positions us to utilize our company strengths
in crop seed development to potentially produce and market synergistic
agricultural product in the future. Origin's model remains constant in
providing the best products and service to our farming customer base."

    About Origin

    Origin (www.originagritech.com) 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 Guang Xi Fortuneland

    Guang Xi Fortuneland (www.gxfmd.com) specializes in the
manufacture, sale, and distribution of chemical and fertilizer
products in Southern China. The Guangxi Fortuneland also possesses an
import and export division from which it is able to distribute into
neighboring regions. The company has also won several national awards,
and is the Guangxi province's biggest agriculture capital management
enterprise. The company possesses a dominant distribution network in
the Guangxi Province. The company has a 10% market share of the
chemical fertilizer market in Guangxi province, and has annual
revenues in excess of US$100 million.

    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.


    CONTACT: Origin Agritech Limited
             Jeff Wang, 86-10-5890-7518
             Chief Financial Officer
             OR
             Irving Kau, 760-918-1781
             Vice President, Finance
             OR
             Investor Relations:
             The Equity Group Inc.
             Devin Sullivan, 212-836-9608

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