China International Capital Corporation Limited

About Xinjiang Daqo New Energy Co., Ltd

Verification opinions on changes in senior management and core technical personnel

In accordance with the Administrative Measures for the Sponsorship Business of Securities Issuance and Listing, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation, China International Capital Corporation Limited (hereinafter referred to as "CICC" or the "Sponsor") of Xinjiang Daqo New Energy Co., Ltd. (hereinafter referred to as "Daqo Energy" or the "Company") has imposed a significant role on the senior management of Daqo Energy, The changes in the core technical personnel have been carefully and prudently verified, and the specific verification situation and verification opinions are as follows:

1. The specific situation of the change of deputy general manager and core technical personnel

Recently, the board of directors of the company received a written resignation report submitted by Mr. Hu Ping, deputy general manager and core technical personnel. Due to personal reasons, Mr. Hu Ping applied for resignation from the position of deputy general manager and core technical personnel of the company. Upon his resignation, Mr. Hu Ping will no longer hold any position in the Company.

(1) The specific situation of the deputy general manager and core technical personnel

Mr. Hu Ping, born in December 1972, Chinese nationality, no right of permanent residence abroad, college degree

Calendar. From July 1992 to May 2000, he served as a technician of acetylene branch of Chuandong Chemical Industry Company; 2002 8

From September 2007, he served as the chief dispatcher of the production department of Chongqing Sanyang Chemical Co., Ltd.; March 2008 to 2013

In May, he served as the chief dispatcher of Chongqing Daqo Production Department; From June 2013 to May 2015, he served as the production department of Daqo Co., Ltd

Manger; From June 2015 to December 2015, he served as the assistant to the general manager and the manager of the production department of Daqo Co., Ltd.; 2015

From December to July 2016, he served as the assistant to the general manager and the manager of the production department of Daqo Energy; August 2016 to present

He is the deputy general manager and core technical personnel of Daqo Energy.

As of the date of issuance of this verification opinion, Mr. Hu Ping does not directly hold shares of the Company.

(2) Patent situation

Mr. Hu Ping participated in the company's technology research and development related work during his tenure as a core technical personnel, and none of the patents he applied for as an inventor during his tenure were patents of a single inventor and were all service inventions

Make. The ownership of the aforesaid patents belongs to the company, and there are no patent disputes or potential disputes involved, and there is no situation that affects the integrity of the company's intellectual property rights.

(3) Performance of confidentiality obligations

According to the Labor Contract and Confidentiality Agreement signed between the Company and Mr. Hu Ping, the two parties have expressly agreed on the confidentiality rights and obligations, liability for breach of contract, non-competition and other matters concerning the Company's trade secrets and technical secrets, and Mr. Hu Ping has the obligation to keep confidential the Company's trade secrets and technical secrets. As of the date of issuance of this verification opinion, the Company has not found that Mr. Hu Ping has violated the confidentiality obligation.

2. Identification of new core technical personnel

The Company identified Mr. Pan Heping and Mr. Mo Kezhang as the Company's core technical personnel based on their employment history, as well as their participation in the Company's core technology research and development and their contribution to business development. The biographies of Mr. Pan Heping and Mr. Mo Kezhang are as follows:

Mr. Pan Heping, born in November 1972, Chinese nationality, no right of permanent residence abroad, East China University of Technology

Bachelor's degree in chemical technology. From August 1997 to May 2003, he served as Sinopec Yangzi Petrochemical Co., Ltd

Technician of the company's chemical plant; From May 2003 to May 2007, he served as the production technician of Chongqing Sanyang Chemical Co., Ltd

Chief Engineer of the Department of Surgery; From May 2007 to May 2013, he successively served as the technical director of Chongqing Daqo New Energy Co., Ltd

Department manager, assistant to the general manager; From June 2013 to September 2017, he served as the general manager of Chongqing Haizhou Chemical Co., Ltd

Engineer; From October 2017 to February 2023, he served as the general manager of Chongqing Sanyu Environmental Science Research Institute Co., Ltd

assistant manager; Since February 2023, he has served as the general manager of the technical department of the headquarters of Xinjiang Daqo New Energy Co., Ltd.

As of the date of issuance of this verification opinion, Mr. Pan Heping does not directly or indirectly hold shares in Xinjiang Daqo New Energy Co., Ltd.

Mr. Mo Kezhang, born in October 1984, Chinese nationality, no right of permanent residence abroad, West China Division

B.S. in Applied Chemistry from Fan University. From June 2008 to July 2009, he served as the reductive hydrogenation department of Chongqing Daqo Company

Operator; From August 2009 to September 2011, he served as the team leader of the reduction hydrogenation department of Chongqing Daqo Company; 2011

From October to June 2013, he served as an engineer in the reduction hydrogenation department of Chongqing Daqo Company; July 2013 to

In June 2014, he was appointed as the deputy director of the reduction hydrogenation department of Daqo Energy; He served as a university member from July 2014 to January 2015

Chief of the Full Energy Process Section; From February 2015 to June 2016, he served as the deputy director of Daqo's energy reduction department;

From July 2016 to January 2018, he served as the head of Daqo's energy reduction department; February 2018 to

In February 2022, he served as the workshop director of Daqo Energy Reduction Department; He served in Inner Mongolia from March 2022 to June 2023

Workshop Director of the Restoration Department of Daqo Company; From July 2023 to October 2023, he served as the general manager of Inner Mongolia Daqo Company

Assistant to the General Manager; From November 2023 to June 2024, he served as the deputy director of the second phase of the project office of Inner Mongolia Daqo Company

Managing director; From July 2024 to August 2024, he served as the deputy general manager of the quality of the general manager's office of Inner Mongolia Daqo Company; 2024

Since August of this year, he has served as the general manager of the quality control department of the general manager's office of Daqo Energy Company.

As of the date of issuance of this verification opinion, Mr. Mo Kezhang does not directly or indirectly hold shares in Xinjiang Daqo New Energy Co., Ltd.

3. The impact of the resignation of core technical personnel on the company

The departure of Mr. Hu Ping will not have a material adverse impact on the Company's ability to continue operations, R&D strength and core competitiveness. Through long-term technology accumulation and development, the company has established a complete R&D system and cultivated an efficient and creative R&D team. Team members perform their own responsibilities and ultimately form collective results, and there is no single dependence on specific core technical personnel.

As of the date of issuance of this verification opinion, the specific situation of the company's core technical personnel is as follows:

During the core technical personnel

Before this change, Wang Xiyu, Hu Ping, Luo Jialin, Tian Xianrui, Ma Xiaoliang

After this change, Wang Xiyu, Luo Jialin, Tian Xianrui, Ma Xiaoliang, Pan Heping, Mo Kezhang

Fourth, the measures taken by the company

As of the date of issuance of this verification opinion, Mr. Hu Ping has completed the handover with the company's R&D team, and the company's existing R&D projects are progressing in an orderly manner. At present, the company's technology research and development and daily operation are carried out normally, and the existing R&D team and core technical personnel can support the continuous research and development of the company's core technology in the future. At the same time, the company has formed a set of intellectual property protection system including patents, trademarks and software copyrights to effectively protect the company's innovative achievements. The company has always attached great importance to R&D, and will further increase R&D investment, improve the performance appraisal system and talent incentive mechanism, and enhance the company's technological innovation capabilities.

5. Verification opinions of the sponsor institution

After verification, the sponsor believes that:

1. As of the date of issuance of this verification opinion, the company's R&D team and core technical personnel are generally stable;

Mr. Hu Ping has completed the handover of work, and Mr. Hu Ping's resignation will not have a material adverse impact on the Company's R&D strength;

2. Mr. Hu Ping signed the "Labor Contract" and "Confidentiality Agreement" with the company, which clearly agreed on the confidentiality rights and obligations, liability for breach of contract, non-competition and other matters regarding the company's trade secrets and technical secrets. The patents and other intellectual property rights that Mr. Hu Ping participated in the application during his work are all the results of his duties, and the ownership of the intellectual property rights formed by such achievements belongs to the Company, and Mr. Hu Ping's resignation does not affect the integrity of the Company's patent rights;

3. The company's current technology research and development and daily operation are carried out normally, and Mr. Hu Ping's resignation has not had a material adverse impact on the company's ability to continue operations.

In summary, the sponsor has no objection to the resignation of Mr. Hu Ping, a senior manager and core technical personnel of Daqo Energy.

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