Daqo New Energy’s Subsidiary Gets Shareholders’ Nod on Cash Dividend Plan for 2021

Daqo New Energy Corp., a leading manufacturer of high-purity polysilicon for the global solar PV industry, announced that its subsidiary Xinjiang Daqo has obtained its shareholders' approval on the cash dividend plan for 2021.

For the year ended December 31, 2021, the net profit attributable to Xinjiang Daqo's shareholders was RMB5,723,842,382.

Xinjiang Daqo has been approved at its shareholders' meeting to pay cash dividend to Xinjiang Daqo's shareholders in the aggregate amount of RMB1,155,000,000, which accounts for 20.18% of the net profit attributable to Xinjiang Daqo's shareholders in 2021.

The actual payment is expected to take place no later than June 7, 2022. Daqo New Energy expects to receive cash dividend from Xinjiang Daqo in late Q2 or early Q3 subject to foreign exchange related procedures.

As of the date of this press release, Daqo New Energy beneficially owns 80.7% of the equity interest in Xinjiang Daqo.