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Origin Agritech Appoints Mr. Weibin Yan as Chief Executive Officer and Member of the Board of Directors; Dr. Gengchen Han to Remain as Chairman of the Board

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BEIJING, Aug. 23, 2024 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), a leading Chinese agricultural technology company, is pleased to announce the appointment of Mr. Weibin Yan as the new Chief Executive Officer (CEO) and member of the Board of Directors, effective immediately. Dr. Gengchen Han, who has served as CEO, will continue as Chairman of the Board.

Mr. Yan brings a wealth of experience and leadership to Origin Agritech, with a distinguished career in the agricultural and industrial sectors. He is currently the Vice-Chairman of the Hunan Provincial Federation of Industry and Commerce. Mr. Yan was one of the principal founders of Ausnutria Dairy Corporation Ltd. (“Ausnutria”), a company listed on the Hong Kong Stock Exchange, where he served as Chairman from its establishment until September 2023. Under his leadership, Ausnutria became a leading global player in the dairy industry.

Mr. Yan also served as a director of Yuan Longping High-tech Agriculture Co., Ltd. (“Longping High-tech”), listed on the Shenzhen Stock Exchange, from 2004 to January 2016. At Longping High-tech, he held various executive roles, including Chief Executive Officer from 2004 to April 2010 and Vice Chairman of the Board of Directors from 2010 to January 2016.

In addition, Mr. Yan has a history with Origin Agritech, having served as an independent director of the Company from 2017 to 2018. His deep understanding of the Company’s operations and strategic direction, combined with his vast experience, positions him well to lead Origin Agritech through its next growth phase.

Mr. Yan holds an MBA in Business Administration from Hunan University, where he also earned his Bachelor’s degree in Industrial and Foreign Trade.

Dr. Gengchen Han, Chairman of Origin Agritech, commented: “We are delighted to welcome Mr. Weibin Yan as our new CEO and as a member of our Board of Directors. His extensive experience in agriculture and his proven leadership in building and growing successful companies make him the ideal person to lead Origin Agritech into its next phase of growth and innovation. His experience as an independent director furthers his understanding of our mission and strategic goals. I look forward to working closely with him as we continue to advance our mission of providing sustainable agricultural solutions to meet global food security challenges.”

Mr. Weibin Yan, CEO of Origin Agritech, stated: “I am honored to rejoin Origin Agritech at such a pivotal time in the company’s history. The advancements in GMO technology and gene editing that Origin has achieved are truly impressive, and I am excited to lead the company as we work to commercialize these innovations and expand our impact on global agriculture. I look forward to contributing to the Board and leading the talented team at Origin to push the boundaries of what’s possible in crop development and deliver significant value to our shareholders.”

About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. 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 www.originagritech.com. The Company also maintains a Twitter account for updating investors on Company and industry developments which is https://x.com/origin_agritech.

For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn  

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

View original content:https://www.prnewswire.com/news-releases/origin-agritech-appoints-mr-weibin-yan-as-chief-executive-officer-and-member-of-the-board-of-directors-dr-gengchen-han-to-remain-as-chairman-of-the-board-302229421.html

SOURCE Origin Agritech Limited

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Azure releases Cobalt on ARM; shown by Liftr Insights

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Liftr Insights data reveals extent of Azure’s deployment; following AWS’s lead almost a decade prior.

AUSTIN, Texas, Nov. 13, 2024 /PRNewswire/ — Liftr Insights, a pioneer in market intelligence driven by unique data, revealed data showing the first appearance of Azure’s Cobalt CPU on the ARM architecture.

The introduction of Cobalt implies more growth of ARM is coming.

Liftr data has shown the first appearance of the Cobalt CPU designed by Azure. These new instance types, first appearing in 21 different regions across 4 continents, are run on the ARM architecture and will complement the existing ARM-based instances at Azure, which were sold to Azure by Ampere Computing.

“Our customers and the supply chain has been talking about this shift to ‘home-grown’ coming for years,” says Tab Schadt, CEO of Liftr Insights. “Many years back, AWS forged ahead to prove the value of running instances on their own designs.”

Intel and AMD are paying attention. While their sales to cloud providers have risen over the past few years, as shown by Liftr data, they were losing an increasing portion of the total market each month. That portion was going to ARM-based processors. While ARM represented 4.7% of public cloud CPUs at the end of 2021, it is close to representing 1 out of every 10 instances. For AWS, ARM is close to 1 out of 4 instances. While Azure has less ARM coverage, the introduction of Cobalt implies more growth of ARM is coming.

Ampere Computing is also watching these developments. After AWS’s initial success with their ARM-based instances, Graviton, all the other top cloud providers eventually adopted ARM using Ampere CPUs. Ampere grew from a few hundred instance types in 2021 to thousands and supporting 24.9% of the ARM instances in the cloud as of mid-2024.

“In addition to the power benefits of ARM, price-point is also a factor for enterprises,” says Schadt.

Liftr data show that the average price of the ARM-based instances on a pre-core basis is 50.5% the cost of x86 instances. This is even after a history of x86 prices per core decreases and ARM prices increases, according to Liftr Insights’ half-a-decade of history.

About Liftr Insights
Liftr Insights generates reliable market intelligence using unique data, including details about configurations, components, deployment geo, and pricing for:

Server processors: Intel Xeon, AMD EPYC, Aliyun Yitian, AWS Graviton, and Ampere Computing AltraDatacenter compute accelerators: GPUs, FPGAs, TPUs, and AI chips from NVIDIA, Xilinx, Intel, AMD, AWS, Google, and Qualcomm.

As shown on the Liftr Cloud Regions Map at https://bit.ly/LiftrCloudRegionsMap, among the companies tracked are Amazon Web ServicesMicrosoft AzureAlibaba CloudGoogle Cloud, Oracle CloudTencent Cloud, CoreWeave, Lambda, and Vultr as well as semiconductor vendors AMD, AmpereIntel, Qualcomm, and NVIDIA. Liftr Insights subject matter experts translate company-specific service provider data into actionable alternative data. 

Liftr and the Liftr logo are registered service marks of Liftr Insights. The following are trademarks and/or service marks of Liftr Insights: Liftr Insights, Cloud Components Tracker, Intelligence Compute Tracker, and Liftr Cloud Regions Map. 

The following are registered intellectual property marks, trademarks, or service marks of their respective companies:
Amazon Web Services
Microsoft Azure
Alibaba Cloud
Google Cloud
Oracle Cloud
Tencent Cloud
CoreWeave
Lambda
Vultr
Intel Corporation
Ampere Computing
Qualcomm
NVIDIA
AMD
ARM 

View original content to download multimedia:https://www.prnewswire.com/news-releases/azure-releases-cobalt-on-arm-shown-by-liftr-insights-302300378.html

SOURCE Liftr Insights

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GEMCAP SOLUTIONS, LLC TO AUCTION THE PERSONAL PROPERTY OF LOOP MEDIA, INC. AND RETAIL MEDIA TV, INC. VIA PUBLIC SALE

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SAN ANTONIO, Nov. 13, 2024 /PRNewswire/ — Pursuant to Section 9-610 of the Uniform Commercial Code, GemCap Solutions, LLC, as servicer and attorney-in-fact for secured party GemCap Holdings, LLC (the “Secured Party”) will hold a secured party public sale to the highest and best bidder for cash, with reserve, to be conducted telephonically by the Secured Party on Thursday, December 5, 2024 at 11:00 a.m. Central Standard Time (the “Public Sale”). Qualified Bidders (defined below) may attend the Public Sale telephonically.

The Secured Party is conducting the Public Sale to foreclose the security interest held by the Secured Party in and to substantially all of the personal property assets LOOP MEDIA, INC., a Nevada corporation, and RETAIL MEDIA TV, INC., a Nevada corporation, jointly and severally (the “Borrower”) including, without limitation, (i) inventory (“Inventory”), (ii) accounts receivable (“Accounts Receivable”), (iii) certain machinery and equipment owned by the Borrower all as set forth on the schedule prepared by Secured Party (collectively, the “FF&E”), (iv) all of its patents, trademarks and trade names, including “Loop”, “Loop Media”, “Music News Loop”, and “Retail Media TV”; domain names owned by Borrower, including www.loop.tv; and the Borrower’s customer list (collectively, the “Intellectual Property”), and (v) trade fixtures (“Trade Fixtures”). The Inventory, Accounts Receivable, FF&E, Intellectual Property and Trade Fixtures are collectively referred to as the “Public Sale Collateral”.

The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral.  At the Public Sale, all of Borrower’s right, title and interest in and to the Public Sale Collateral will be sold “as is” and “where is” and the Secured Party shall make no representation or warranty, either express or implied, relating to title, use, quiet enjoyment, possession, merchantability or fitness for a particular purpose, completeness, condition or the like, all of which are hereby disclaimed, in the sale or disposition of the Public Sale Collateral.  In addition, the Public Sale Collateral is being sold (i) free and clear of Secured Party’s liens and any subordinate security interests, and (ii) without recourse to Secured Party, its attorneys and representatives.  The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.

In order to participate in the bidding process, each person or entity (a “Potential Bidder”) must deliver to the undersigned (i) an executed confidentiality agreement in form and substance acceptable to Secured Party, (ii) current financial statements of the Potential Bidder or other evidence acceptable to Secured Party that will show the financial ability of the Potential Bidder to purchase the Public Sale Collateral, (iii) a completed and executed Asset Purchase Agreement in the form provided by Secured Party, and (iv) a deposit in an amount equal to ten percent of the bid amount which will be held in escrow by Secured Party.  A Potential Bidder that complies with the foregoing requirements shall be deemed a “Qualified Bidder”. Those Qualified Bidders participating at the Public Sale shall be provided with the telephone number and passcode to attend the Public Sale and shall be given the opportunity to bid on a competitive basis.

At the Public Sale, each of the Inventory, Accounts Receivable, and the Intellectual Property, may be offered for sale in separate lots or in combination lots and the Public Sale Collateral will be offered as a single lot.  At the conclusion of the Public Sale, the successful bidder(s) must pay the final bid amount in full by a wire transfer of funds to the Secured Party.  The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale.  The Secured Party reserves the right to reject all bids, adjourn or cancel the Public Sale.

For further details regarding the Public Sale Collateral, obtaining the confidentiality agreement and the form asset purchase agreement, and information regarding the Public Sale, you may contact either Michael Berens, Esq. by email at mberens@gmail.com or by telephone at (530) 304-6922 or David Ellis by email at dellis@gemcapsolutions.com or by telephone at (310) 494-1437.

Media Contact:
David Ellis
Email: dellis@gemcapsolutions.com
Direct: 310-494-1437

View original content:https://www.prnewswire.com/news-releases/gemcap-solutions-llc-to-auction-the-personal-property-of-loop-media-inc-and-retail-media-tv-inc-via-public-sale-302304304.html

SOURCE GemCap Solutions, LLC

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CINC Systems Announces Formation of Client Advisory Circle

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Exclusive client advocacy community aims to drive innovation and collaboration in the community association management industry.

DULUTH, Ga., Nov. 13, 2024 /PRNewswire/ — CINC Systems, the leading software solutions provider for the community association management (CAM) industry, announced today the formation of a client advocacy community dedicated to fostering conversation, collaboration, and innovation in the CAM space. This group’s formation aligns with the significant investments CINC is making in releasing multiple new groundbreaking products.

“We succeed when our clients thrive,” said CINC Systems Chief Client Advocate Dawn Randall, the committee’s executive sponsor. “I’m excited to collaborate with such an incredible group of industry leaders. This partnership will allow CINC to meet our industry’s evolving needs while providing a valuable platform for like-minded executives to network and ideate. I look forward to engaging in impactful conversations and creating lasting change together, focusing on solutions that lessen tedious tasks and allow for more meaningful work. By collaborating side-by-side, we will better serve our clients and elevate the business of community.”

CINC has long relied on client input to drive feedback. This group puts more structure around the effort. The new Advisory Circle brings together leaders from a diverse range of CAM companies across the U.S. Creating a unique balance of perspectives ensures that CINC hears the needs of the entire industry.

“If you’re not currently included, rest assured—this is an evolving board, and there will be future opportunities to join,” Randall said. CINC will continue to add to the board as soon as next year. Each board member serves a term to ensure fresh perspectives and new voices can continually contribute.

The group listed below was selected as CINC launched this initiative.

Terri Allen of Spectrum Association ManagementLiz Commando of Taylor Management Company Tracy Durham of Edison Association Management Jason Delgado of Rise Association Management Jamie Falconer of Foster Premier Management Dana Hizkaya of Next Generation Management Services Christina McCandless of Principle Association Management Company Kyle Priestley of Priestley Management Company Janice Roberts of Kuester Management Group Blake Sanford of PMI Corporate Brad van Rooyen of HomeRiver Group Steve Weclew of Condominium Associates Gail Windisch of Tidewater Property Management 

Founding member Brad van Rooyen said, “I am honored to be a part of it. I am looking forward to the meaningful collaboration, communication, and networking events that this group has to offer.”

The Advisory Circle is the latest CINC Systems initiative designed to empower CAM professionals and advance the industry. Members are committed to supporting ongoing programs that include industry events, research and reports, legislative advocacy, and the “CINC Tank,” where innovative ideas are identified, tested, and launched.

“The most successful CAM companies will be those that embrace transformation,” said CINC Systems CEO Ryan Davis, also an executive sponsor of the Advisory Circle. “CINC is dedicated to paving the way forward, not only with intuitive products, but also by creating the conditions for collective knowledge sharing, problem-solving, and innovation. I’m thrilled to welcome our founding Advisory Circle members and honored to work alongside these visionary leaders. Together, we can stamp out the tedious work and allow CAM leaders to focus on the meaningful work they enjoy.”

About CINC Systems
CINC Systems is the largest provider of accounting and management software in the community association management industry and the innovator behind accounting and banking integration. Founded in 2005 by a banker as the industry’s first SaaS platform, CINC has evolved into the largest and fastest-growing software provider in the CAM industry. With a team of more than 250 employees, CINC delivers software and applications to tens of thousands of associations across the U.S., reaching millions of homeowners. In January of 2024, Hg Capital made a significant investment in CINC to accelerate the company’s growth trajectory and institute rapid product development.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cinc-systems-announces-formation-of-client-advisory-circle-302304308.html

SOURCE CINC Systems

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