Daqo New Energy Corp. (NYSE:DQ) is considering the opportunity to list, within the next two years, shares of its principal operating subsidiary Xinjiang Daqo New Energy Co.,Ltd. ("Xinjiang Daqo") on the Shanghai Stock Exchange's Sci-Tech innovation board (the "STAR Market"), an exchange intended to support innovative companies in China. Daqo New Energy's Chief Executive Officer Longgen Zhang commented, "Our plan to list Xinjiang Daqo on the STAR Market should enable us to access a new source of growth capital in China's domestic financial markets, solidify our leading position in the polysilicon industry, and most importantly, amplify our advantages in terms of cost structure and quality and accelerate our growth to better serve the fast growing solar PV market.

At the same time, we are committed to maintaining Daqo New Energy's ADR listing on the New York Stock Exchange. We believe listing on both stock exchanges will raise our profile with investors both at home and abroad and provide us with a greater variety of opportunities in the future".