Daqo New Energy Corp. announced that its subsidiary Xinjiang Daqo has obtained its shareholders' approval on the cash dividend plan for 2021. Xinjiang Daqo has been approved at its shareholders' meeting 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.

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 Second Quarter or early Third Quarter subject to foreign exchange related procedures.