Report of Foreign Issuer (6-k)
August 21 2019 - 10:25AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF AUGUST 2019
COMMISSION FILE NUMBER
000-51576
ORIGIN
AGRITECH LIMITED
(Translation of registrant's name into English)
No. 21 Sheng Ming Yuan Road, Changping District, Beijing 102206
(Address of principal executive office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form
40-F
¨
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes
¨
No
x
If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-________
Origin Agritech Regains
Full Compliance with NASDAQ Listing Rules
BEIJING, August 21, 2019 /
PRNewswire
/
--
Origin Agritech Ltd. (NASDAQ: SEED)
(the “Company” or “Origin”), an agriculture technology
and rural e-commerce company,
today announced that the Company has regained full compliance
with NASDAQ listing rules.
On
June 5, 2019, the Company was notified by the NASDAQ Stock Market (“NASDAQ”) that it was not in compliance with the
NASDAQ listing rules regarding the minimal requirements for stockholders’ equity. The non-compliance was determined based
on the balance sheet of September 30, 2018, in the Annual Report on Form 20-F for fiscal year 2018 filed on June 3, 2019. Since
September 30, 2018, the Company increased its stockholder’s equity mainly through an equity financing in January 2019. The
Company also applied to change from the NASDAQ Global Select Market to the NASDAQ Capital Market, the application for which was
approved and trading on NASDAQ Capital Market for the ordinary shares of the Company commenced August 19, 2019. The Company regained
full compliance with the listing standards of NASDAQ.
About Origin Agritech Limited
Origin Agritech Limited, founded
in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China's leading agricultural technology and
a rural social e-commerce company, expanding in mid-2018 from crop seed breeding and genetic improvement business to be a leading
technology developer in new rural e-commerce platform and Blockchain technologies. In crop seed biotechnologies, Origin Agritech's
phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Over the
years, Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance
(Bt) traits. For further information, please visit the Company's website at: http://www.originseed.com.cn or http://www.originseed.com.cn/en/.
Forward-Looking Statements
This communication contains "forward-looking
statements" as defined in the federal securities laws, including Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements address expected future business and financial performance and financial condition, and contain words
like "expect," "anticipate," "intend," "plan," "believe," "seek," "will,"
"would," "target," and similar expressions and variations. Forward-looking statements address matters that
are uncertain. Forward-looking statements are not guarantees of future performance and are based on assumptions and expectations
which may not be realized. They are based on management’s current expectations, assumptions, estimates and projections about
the Company and the industry in which the Company operates but involve a number of risks and uncertainties, many of which are beyond
the company's control. Some of the important factors that could cause the company's actual results to differ materially from those
discussed in forward-looking statements are: failure to develop and market new products and optimally manage product life cycles;
ability to respond to market acceptance, rules, regulations and policies affecting our products; failure to appropriately manage
process safety and product stewardship issues; changes in laws and regulations or political conditions; global economic and capital
markets conditions, such as inflation, interest and currency exchange rates; business or supply disruptions; natural disasters
and weather events and patterns; ability to protect and enforce the company's intellectual property rights; and separation of underperforming
or non-strategic assets or businesses. The company undertakes no duty or obligation to publicly revise or update any forward-looking
statements as a result of future developments, or new information or otherwise, should circumstances change, except as otherwise
required by securities and other applicable laws. Although the Company believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ
materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements
contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their
entirety by these cautionary statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ORIGIN AGRITECH LIMITED
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By:
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/s/ Han Gengchen
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Name:
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Han Gengchen
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Title:
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Chief Executive Officer
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Dated: August 21, 2019
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