Stock code: 688303 Stock abbreviation: Daqo Energy Announcement No.: 2024-049

Xinjiang Daqo New Energy Co., Ltd

Announcement on the change of the company's senior management and core technical personnel

The Board of Directors and all directors of the Company guarantee that there are no false records or misleading statements in the content of the announcement

or material omissions, and bear legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important:

The board of directors of Xinjiang Daqo New Energy Co., Ltd. (hereinafter referred to as the "Company") recently received a letter from the Company's vice president

Written resignation report submitted by Mr. Hu Ping, general manager and core technical personnel. For personal reasons, Hu Pingxian

The student applied for resignation from the position of deputy general manager and core technical personnel of the company. After his resignation, Mr. Hu Ping will no longer be responsible

Hold any position in the company.

Mr. Hu Ping has signed a "Labor Contract" and "Confidentiality Agreement" with the company, and he applied as an inventor during his tenure

The relevant patents are not owned by a single inventor and are owned by the company or its subsidiaries

in cases that affect the integrity of the company's intellectual property.

After Mr. Hu Ping left the company, the work he was responsible for has been handed over, the company's production and operation, technology research and development, etc

The work is progressing in an orderly manner. Mr. Hu Ping's departure will not have an impact on the company's ability to continue operations, research and development strength, and nuclear power

competitiveness has a significant adverse effect.

The company combines the working experience of Mr. Pan Heping and Mr. Mo Kezhang, as well as the future research on the company's core technology

The company's participation in business development and other related factors are recognized as the company's core technical personnel.

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

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

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

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

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.; December 2015

Until July 2016, he served as the assistant to the general manager and the manager of the production department of Xinjiang Daqo; Since August 2016, he has served as Xinjiang Daquan

Deputy general manager and core technical personnel.

As of the disclosure date of this announcement, 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 of the company, and the patents he applied for as an inventor during his tenure were not patents of a single inventor and were all service inventions. 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 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 had the obligation to keep confidential the Company's trade secrets and technical secrets. As of the disclosure date of this announcement, 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 resumes of Mr. Pan Heping and Mr. Mo Kezhang are attached for details.

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 a collective outcome, which does not exist

In a single dependency on a specific core technical person.

As of the end of 2021, the end of 2022, and the end of 2023, the number of R&D personnel in the company is 310,

449 and 842 people, accounting for 12.97%, 17.90% and 13.77% of the company's total number respectively. The company's R&D team has a complete structure and sufficient reserve personnel. As of the disclosure date of this announcement, 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 disclosure date of this announcement, 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.

The announcement is hereby made.

Board of Directors of Xinjiang Daqo New Energy Co., Ltd

October 16, 2024

Annex:

Resume of core technical personnel

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

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

Chemical Plant Technician; From May 2003 to May 2007, he served as the production technology of Chongqing Sanyang Chemical Co., Ltd

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

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

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

Reason; 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 disclosure date of this announcement, Mr. Pan Heping does not directly or indirectly hold shares of Xinjiang Daqo New Energy Co., Ltd.

As of the disclosure date of this announcement, Mr. Pan Heping has not been punished by the China Securities Regulatory Commission and other relevant departments or disciplined by the Shanghai Stock Exchange, has not been investigated by the judicial authorities for suspected crimes or has been investigated by the China Securities Regulatory Commission for suspected violations of laws and regulations, and is not a dishonest person subject to execution.

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

Bachelor's degree in Applied Chemistry. From June 2008 to June 2013, he successively served as Chongqing Daqo New Energy Co., Ltd

Hydrogenation department operators, squad leaders, engineers; From July 2013 to February 2022, he successively served as Xinjiang Daxin New Energy

Deputy Director of the Reduction Hydrogenation Department, Chief of the Process Section, Deputy Director of the Reduction Department, and Reduction Department of Yuan Co., Ltd

Head; From March 2022 to June 2023, he successively served as the workshop of the restoration department of Inner Mongolia Daqo New Energy Co., Ltd

Director, Assistant General Manager, Deputy General Manager of Phase II Project, Deputy General Manager of Quality Department; Since August 2024, he has served as the general manager of the quality control department of Daqo Energy Headquarters.

As of the disclosure date of this announcement, Mr. Mo Kezhang did not directly or indirectly hold shares of Xinjiang Daqo New Energy Co., Ltd.

As of the disclosure date of this announcement, Mr. Mo Kezhang has not been punished by the China Securities Regulatory Commission and other relevant departments or disciplined by the Shanghai Stock Exchange, has not been investigated by the judicial authorities for suspected crimes or has been investigated by the China Securities Regulatory Commission for suspected violations of laws and regulations, and is not a dishonest person subject to execution.