On July 6, 2022, Xinjiang Daqo New Energy Co.,Ltd. closed the transaction. The company has issued 212,396,215 A shares at a price of CNY 51.79 per share for total gross proceeds of CNY 10,999,999,974.85. Upon completion of the transaction, Daqo New Energy Corp.

beneficially owns approximately 72.68% stake of the company.