Daqo New Energy Corp. announced that its subsidiary Xinjiang Daqo's board of directors had approved its cash dividend plan for 2021 and proposed it to Xinjiang Daqo's annual shareholders' meeting for approval on April 7, 2022. Xinjiang Daqo's board of directors has approved the plan to pay cash dividend to Xinjiang Daqo's shareholders (including Daqo New Energy) in the aggregate amount of RMB 1,155,000,000, which accounts for 20.18% of the net profit attributable to Xinjiang Daqo's shareholders in 2021.

This plan still needs to be submitted to Xinjiang Daqo's annual shareholders meeting for approval on April 7, 2022.