SHANGHAI, June 8, 2022
/PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New
Energy," the "Company" or "we"), a leading manufacturer of
high-purity polysilicon for the global solar PV industry, today
announced the appointments of Mr. Xiang
Xu as the Vice Chairman of the board of directors and Mr.
Fei Ge as a new director of the Company, effective on June 8, 2022.
Mr. Xiang Xu has been serving as
a director of the Company since its initial public offering and he
is also the chair of the corporate governance and nominating
committee of the Company.
Mr. Fei Ge is the Executive President of Daqo Group and is
responsible for technology innovation and digitalized
manufacturing. Mr. Ge served as a director of the Company from its
initial public offering until February
2013. Mr. Ge holds an MBA degree from Nanjing University.
Mr. Guangfu Xu, Daqo New Energy
's Chairman commented, "We are pleased to announce the new role of
Mr. Xiang Xu as the Vice Chairman
and wish that he will contribute more to the Company's strategy
planning. We also welcome Mr. Ge back to our board. His extensive
experience and professional expertise in technology innovation and
digitalized manufacturing will add great value to the Company's
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a
leading manufacturer of high-purity polysilicon for the global
solar PV industry. Founded in 2007, the Company manufactures and
sells high-purity polysilicon to photovoltaic product
manufacturers, who further process the polysilicon into ingots,
wafers, cells and modules for solar power solutions. The Company
has a total polysilicon nameplate capacity of 105,000 metric tons
and is one of the world's lowest cost producers of high-purity
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar statements. The Company may
also make written or oral forward-looking statements in its reports
filed or furnished to the U.S. Securities and Exchange Commission,
in its annual reports to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about the Company's beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, all of which
are difficult or impossible to predict accurately and many of which
are beyond the Company's control. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the demand for photovoltaic products and the development
of photovoltaic technologies; global supply and demand for
polysilicon; alternative technologies in cell manufacturing; the
Company's ability to significantly expand its polysilicon
production capacity and output; the reduction in or elimination of
government subsidies and economic incentives for solar energy
applications; the Company's ability to lower its production costs;
changes in the political and regulatory environment; and the
duration of COVID-19 outbreaks in China and many other countries and the impact
of the outbreaks and the quarantines and travel restrictions
instituted by relevant governments on economic and market
conditions, including potentially weaker global demand for solar PV
installations that could adversely affect the Company's business
and financial performance. Further information regarding these and
other risks is included in the reports or documents the Company has
filed with, or furnished to, the U.S. Securities and Exchange
Commission. All information provided in this press release is as of
the date hereof, and the Company undertakes no duty to update such
information or any forward-looking statement, except as required
under applicable law.
For more information, please visit www.dqsolar.com
Daqo New Energy Corp.
Mr. Rene Vanguestaine
Phone: +86 178 1749 0483
In the U.S.
Ms. Linda Bergkamp
SOURCE Daqo New Energy Corp.