Inner Mongolia Daqo New Energy Co., Ltd announced a private placement of common shares for gross proceeds of CNY 9,999,000,000 on December 31, 2021. The transaction will include participation from returning investor Xinjiang Daqo New Energy Co.,Ltd to retain its 100% stake in the company. Post-closing, the registered capital will increase from CNY 1,000,000 to CNY 10,000,000,000.

The transaction has been approved in the 19th Meeting of the investor's 2nd Directorate and the 12th Meeting of the investor's 2nd Supervisory Board and is subject to the Shareholders' Approval.