On July 3, 2020, the board of directors of Daqo New Energy Corp. approved for Mr. Qiangmin Zhou, Mr. Xiyu Wang and Mr. Shihua Su to resign from acting as the chief operation officer, chief technology officer and chief marketing officer, respectively, of the company, because they carry out their responsibilities for these positions primarily at the company’s subsidiary Xinjiang Daqo New Energy Co. Ltd. (“Xinjiang Daqo”).