DAQO NEW ENERGY CORP.

# DAQO NEW ENERGY CORP.

Incorporated in the Cayman Islands and headquartered in Shanghai, Daqo New Energy manufactures and sells polysilicon for the photovoltaic industry. The company's polysilicon is used as a raw material in the production of solar ingots, wafers, cells, and modules. Founded in 2006, the company operates primarily within China's solar manufacturing supply chain, serving photovoltaic product manufacturers that convert its material into completed solar power products.

The company's revenue is derived from polysilicon sales to manufacturers in the photovoltaic sector. With 4,749 full-time employees, Daqo operates as a vertically integrated supplier within the solar materials space, focusing on the upstream production of high-purity polysilicon that forms the foundation for downstream solar product manufacturing.

Daqo's operations are concentrated in the People's Republic of China, where it maintains manufacturing facilities and serves a customer base primarily composed of domestic solar manufacturers. The company operates at the materials production level of the solar energy value chain, positioning it as a commodity producer dependent on demand from the broader photovoltaic manufacturing industry.