Origin Agritech Limited Issues Senior Convertible Promissory Note

Origin Agritech Limited has approved the issuance of a Senior Convertible Promissory Note with a principal amount of RMB 15,000,000 (approximately US$2,050,000) to an individual investor. The note, dated June 30, 2026, and funded on July 16, 2026, will provide working capital for its PRC operating affiliate, Hainan Aoyu Biotechnology Co., Ltd. The note bears interest at 3.98% per annum, payable upon conversion or at maturity. The principal can be converted into ordinary shares at a price of US$1.50 per share, subject to anti-dilution adjustments. The investor has the option to demand cash repayment after one year, and the company may prepay with the consent of the note holders. The shares issued upon conversion are subject to a six-month lock-up period. This issuance was made under a private placement exemption from registration under the Securities Act of 1933.