RELATED PARTY BALANCES AND TRANSACTIONS

(1)

Related party relationships

Name of related parties		Relationship
Jilin Jinong Hi-tech Development Shares Co., Ltd. (“Jinong”)		Being long-term investment of the Company (note 10)

Beijing Shihui		Being owned by close family members of the Company’s Chairman

Xinjiang Ginbo Seeds Center		Being the non-controlling interest of Xinjiang Origin

(1)

Due from related parties

	September 30,
	2016		2017
	RMB		RMB

Beijing Shihui (i)		-		55,940

		-		55,940

Balance due from Shihui mainly consists of receivables of RMB38,200 related to disposal of the commercial seed business and working capital loan of RMB17,740.

(2)

Due to related parties

	September 30,
	2016		2017
	RMB		RMB

Henan Agriculture University		1,000		-
Xinjiang Ginbo Seeds Center (i)		10,000		10,000
Companies controlled by the Company’s directors		1,585		1,576
Ex-shareholders of State Harvest		16		16

		12,601		11,592

Note (i): Xinjiang Origin has received a cash advance of RMB10,000 from Xinjiang Ginbo Seeds Center during the year ended September 30, 2016, which is unsecured, interest-free and repayable on demand.

(3)

Transactions with related parties

(a)

Technology usage fees charged by

	Year ended September 30,
	2015		2016		2017
	RMB		RMB		RMB

Henan Agriculture University		-		1,000		-

		-		1,000		-

The above amounts related to technology usage fees paid to certain related party research centers for the exclusive right to use certain seed technologies.

(b)

Rental income received from

	Year ended September 30,
	2015		2016		2017
	RMB		RMB		RMB

Beijing Shihui		-		250		-

(c)

Service income received from

	Year ended September 30,
	2015		2016		2017
	RMB		RMB		RMB

Beijing Shihui		-		-		396

(d)

Service fee charged by

	Year ended September 30,
	2015		2016		2017
	RMB		RMB		RMB

Beijing Shihui		-		-		600

(e)

Subsidiaries and assets sold to a related party

As further described in note 4, on September 26, 2016, the Company entered into a Master Transaction Agreement to sell its proprietary China-based commercial corn seed production and distribution business for RMB 400,000 to Beijing Shihui. On August 16, 2017, the Company entered into a supplemental agreement to the Master Transaction Agreement to increase the total consideration to RMB 421,000 and modify the payment terms.