SHANGHAI, July 28,
2023 /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 appointment of Mr. Guoqing
Chen as an independent director of the Company, effective on
July 28, 2023. With the inclusion of
Mr. Guoqing Chen, the Company has an
independent majority on its board, as 6 out of its 11 directors are
now independent directors.
Mr. 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.
Mr. 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.
Mr. Guangfu Xu, Daqo New
Energy's Chairman, commented, "We
are pleased to welcome Mr. 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."
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 manufactures,
who further process the polysilicon into ingots, wafers, cells and
modules for solar power solutions. The Company has a total
polysilicon nameplate capacity of 205,000 metric tons and is one of
the world's lowest cost producers of high-purity polysilicon.
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," "guidance" and similar statements. Among
other things, quotations from the chairman in this announcement
contain forward-looking 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; and the Company's ability to lower its production
costs. 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.
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SOURCE Daqo New Energy Corp.