Daqo New Energy Corp. announced that its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with Shuangliang Silicon Materials (Baotou) Co.,Ltd., a subsidiary of Shuangliang Eco-Energy ("Shuangliang") to supply its fast growing solar wafer business. Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide Shuangliang with a total amount of 150,300 MT high-purity mono-grade polysilicon from November 2022 to December 2027.

Actual prices will be negotiated by both parties monthly according to market conditions.