Origin Agritech Announces Strategic Provincial Distribution Agreement for Corn Seeds in Shandong Province and Receives RMB 2.9 Million in Initial Payments
Origin Agritech's subsidiary signed a three-year agreement appointing Jinan Jingkun Trading as exclusive provincial general distributor for its corn seed products across Shandong Province, one of China's top corn-producing regions. Jingkun Trading made an initial prepayment of RMB 2.9 million covering the 2026-2027 operating cycle, with additional prepayments and progressively increasing annual minimum sales commitments required over the term. The agreement covers commercially approved varieties including Jinqiao 8, Jingke 317, Liyu 16, and Aoyu 510, plus a structured pathway for pipeline varieties.
Key figures
- Agreement term years
- 3
- Initial prepayment rmb
- 2900000
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