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Origin Agritech agrees to sell stake for about $15M

The Xinjiang base’s seed production and sales revenue will remain recorded by Beijing Origin Agriculture under a five-year leaseback.

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Form Type
6-K

Rhea-AI Filing Summary

Origin Agritech Limited (SEED), through indirect consolidated subsidiary Beijing Origin Agriculture Limited, agreed to transfer its 70.5184% equity interest in Xinjiang Originbo Seed Limited to Hunan Xindaxin Limited for RMB 108,000,000 (approximately US$15.0 million). The price is payable in four installments through June 30, 2027; RMB 11.39 million of existing debt owed by Beijing Origin Agriculture is applied to the first installment, leaving RMB 6.61 million payable in cash. Hunan Xindaxin appoints Xinjiang Originbo’s directors, supervisor, general manager and financial manager from the agreement date, while legal title remains with Beijing Origin Agriculture until full payment; registration is to be completed within 15 business days after payment in full.

On September 30, 2026, Beijing Origin Agriculture also agreed to lease back all assets comprising the Xinjiang base—506 items—for five years beginning October 1, 2026, at annual rent of RMB 4,000,000, payable quarterly in advance. Seed production and sales revenue from the base will continue to be recorded by Beijing Origin Agriculture. Origin Agritech says it will deconsolidate Xinjiang Originbo and derecognize its assets and liabilities upon transfer of control, with any resulting gain determined then. The company identifies the transfer and lease transactions as related-party transactions; CEO Weibin Yan holds approximately 9.7549% of Hunan Xindaxin.

Equity interest to be transferred 70.5184% Xinjiang Originbo Seed Limited
Transfer price RMB 108,000,000 (approximately US$15.0 million) For the equity interest transfer
Debt applied to first installment RMB 11.39 million Debt owed by Beijing Origin Agriculture to Hunan Xindaxin
First installment payable in cash RMB 6.61 million After applying debt owed by Beijing Origin Agriculture
Lease term Five years Commencing October 1, 2026
Annual rent RMB 4,000,000 Payable quarterly in advance
Assets included in leaseback 506 asset items Assets comprising the Xinjiang base
CEO Weibin Yan’s equity interest in Hunan Xindaxin Approximately 9.7549% Related-party transaction disclosure
deconsolidate financial
"will deconsolidate Xinjiang Originbo"
derecognize financial
"derecognize its assets and liabilities"
ASC 842-40 technical
"in accordance with ASC 842-40"
leaseback financial
"leases back, as lessee"
A leaseback is a financial move where a company sells an asset it owns—often real estate or equipment—to raise cash, then immediately rents the same asset from the buyer so it can keep using it. Think of selling your house and signing a long-term rental agreement to stay living there; it boosts short-term cash but creates ongoing rent payments and changes the company’s balance sheet, so investors watch how the cash is used and how the new lease affects future costs and risk.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the transfer price for Origin Agritech’s Xinjiang Originbo stake?

Beijing Origin Agriculture agreed to transfer its 70.5184% equity interest for RMB 108,000,000 (approximately US$15.0 million). The price is payable in four installments.

What are the installment amounts and due dates for the Xinjiang Originbo transfer?

The installments are RMB 18,000,000 by December 31, 2026; RMB 30,000,000 by February 28, 2027; RMB 30,000,000 by April 30, 2027; and RMB 30,000,000 by June 30, 2027. RMB 11.39 million of debt owed by Beijing Origin Agriculture is applied to the first installment, leaving RMB 6.61 million payable in cash.

Can Beijing Origin Agriculture transfer or pledge the stake before full payment?

Before the transfer price is paid in full, Beijing Origin Agriculture may not transfer, pledge or otherwise dispose of the equity interest, or create an encumbrance over it, without Hunan Xindaxin’s prior written consent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

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 SEPTEMBER 2026

 

COMMISSION FILE NUMBER 000-51576

 

ORIGIN AGRITECH LIMITED

(Translation of registrant's name into English)

 

Origin R&D Center, Shuangbutou Village,

Xushuang Road, Songzhuang Town

Tongzhou District. Beijing China 101119

(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

 

 

 

 

 

 

Disposition of Equity Interest in Xinjiang Originbo Seed Limited

 

On September 8, 2026, Beijing Origin Agriculture Limited, an indirect consolidated subsidiary of Origin Agritech Limited (the "Company"), entered into an Equity Transfer Agreement (the "Agreement") with Hunan Xindaxin Limited ("Hunan Xindaxin") and Xinjiang Originbo Seed Limited ("Xinjiang Originbo"), pursuant to which Beijing Origin Agriculture will transfer, and Hunan Xindaxin will acquire, 70.5184% of the equity interests in Xinjiang Originbo (the "Target Equity Interest"), for a transfer price of RMB 108,000,000 (approximately US$15.0 million) (the "Transfer Price"), determined with reference to the valuation report issued by Xinjiang Woshi Asset Appraisal Firm (General Partnership) as of the valuation benchmark date of June 30, 2026. Xinjiang Originbo is a consolidated subsidiary of the Company held through Beijing Origin Agriculture.

 

Payment. The Transfer Price is payable in four installments: RMB 18,000,000 by December 31, 2026; RMB 30,000,000 by February 28, 2027; RMB 30,000,000 by April 30, 2027; and RMB 30,000,000 by June 30, 2027. As of the date of the Agreement, Beijing Origin Agriculture owed Hunan Xindaxin RMB 11.39 million, which is applied to satisfy RMB 11.39 million of the first installment, leaving RMB 6.61 million of that installment payable in cash.

 

Registration and management. The registration of the transfer will not be effected, and legal title to the Target Equity Interest will remain with Beijing Origin Agriculture, until the Transfer Price has been paid in full, with registration to be completed within 15 business days thereafter. From the date of the Agreement, however, the directors, supervisor, general manager and financial manager of Xinjiang Originbo are appointed by Hunan Xindaxin, and the company seals and chops of Xinjiang Originbo are delivered to and held and used by its designees. Pending payment in full, Beijing Origin Agriculture may not transfer, pledge or otherwise dispose of the Target Equity Interest, or create any encumbrance over it, without Hunan Xindaxin's prior written consent.

 

Related party transaction. Mr. Weibin Yan, the Company's Chief Executive Officer and the legal representative of Beijing Origin Agriculture, holds approximately 9.7549% of the equity interest in Hunan Xindaxin. The Agreement and the Lease Agreement, and the transactions contemplated thereby, constitute related party transactions.

 

Financial Statements. Beijing Origin Agriculture is disposing of all of its 70.5184% equity interest in Xinjiang Originbo in September 2026. The Xinjiang base has been used for hybrid crop seed production and processing, including external seed production services. Upon the transfer of control of Xinjiang Originbo to Hunan Xindaxin, the Company will deconsolidate Xinjiang Originbo and derecognize its assets and liabilities. On September 30, 2026, Beijing Origin Agriculture entered into a Seed Production Base Asset Lease Agreement with Xinjiang Originbo, pursuant to which Beijing Origin Agriculture leases back, as lessee, all of the buildings, structures, machinery, equipment and other assets comprising the base (506 asset items in total) for a term of five years commencing October 1, 2026, at an annual rent of RMB 4,000,000 payable quarterly in advance; the seed production and sales revenue generated at the base will continue to be recorded by Beijing Origin Agriculture. The Company will account for the transaction in accordance with ASC 842-40 upon the transfer of control, and the resulting gain, if any, will be determined at that time.

 

The foregoing description is qualified in its entirety by reference to the Equity Transfer Agreement, an English translation of which is filed as Exhibit 4.1 to this report. The Agreement was executed in Chinese and is governed by PRC law; the English translation is provided for convenience only, and in the event of any discrepancy the Chinese text prevails.

 

The description above of the Seed Production Base Asset Lease Agreement is qualified in its entirety by reference to the Lease Agreement, an English translation of which is filed as Exhibit 4.2 to this report. The Lease Agreement was executed in Chinese and is governed by PRC law; the English translation is provided for convenience only, and in the event of any discrepancy the Chinese text prevails.

 

 

 

 

Exhibits

 

4.1 Equity Transfer Agreement dated as of September 8, 2026.
4.2 Seed Production Base Asset Lease Agreement dated as of September 30, 2026.

 

 

 

 

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
   
  By: /s/ Weibin Yan
  Name: Mr. Weibin Yan
  Title: Chief Executive Officer
   
Dated: September 30, 2026  

 

 

 

Filing Exhibits & Attachments

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