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Origin Agritech Limited Announces Change in Chief Financial Officer and Reports Naked Short Selling to SEC

Yasheng Yang has served as Vice Chairman of the board of directors, treasurer of the company and has also previously served as the Chief Operating Officer of the company from 2005 to 2007. He has involved in the Chinese seed industry for more than ten years. The company also announced today that it has filed a letter of complaint with the U.S. Securities & Exchange Commission regarding the naked short selling of the company's stock.