Guoqing Chen Joins Daqo New Energy as Independent Director

Daqo New Energy Corp. announced the appointment of Guoqing Chen as an independent director of the Company. With the inclusion of Guoqing Chen, the Company has an independent majority on its board, as 6 out of its 11 directors are now independent directors.

Guoqing Chen has served as the head of Shanghai Horizon Economic Research Institute since 2002. He is also the chair professor at Shanghai National Accounting Institute and the deputy director at the China Management Accounting System Research Center of Shanghai University of Finance and Economics.

Chen currently serves as the chairman of Horizon International Financial Management Consulting (Shanghai) Co., Ltd., and Shanghai Horizon Value Management Software Co., Ltd.

He is also an independent director at Heilongjiang Longmay Mining Group Co., Ltd., and Hongxing Xuan Paper Co., Ltd., as well as a director at Jilin Provincial Coal Industry Group Co., Ltd., and Jilin Province State-Owned Capital Operation Co., Ltd.

Guangfu Xu, Daqo New Energy's Chairman, commented, "We are pleased to welcome Guoqing Chen to our board. His extensive experience and professional expertise in accounting, finance and management will contribute great value to the Company's future growth."