Stock code: 688303 Stock short: Daqo Energy Bulletin No.: 2023-013

Xinjiang Daqo New Energy Co., Ltd.

Regarding the remuneration plan for directors, supervisors and senior managers in 2023

Announcement

the company's board of directors and all directors to ensure that the contents of the announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Xinjiang Daqo New Energy Co., Ltd. (hereinafter referred to as the "Company") was established on March 15, 2023.

The 34th meeting of the second board of directors and the 23rd meeting of the second board of supervisors were held in combination with the voting method of communication. The proposal on the remuneration scheme of directors and senior managers in 2023 and the proposal on the remuneration scheme of supervisors in 2023 were deliberated and passed. According to the "Articles of Association of Xinjiang Daquan New Energy Co., Ltd.", "Xinjiang Daquan New Energy Co., Ltd. Board of Directors Remuneration and Evaluation Committee Working Rules" and other relevant systems, combined with the actual situation of the company's business scale, performance and other actual conditions, with reference to the industry salary level, the company's directors in 2023, The remuneration plan for supervisors and senior management personnel is as follows:

1. scope of application

Directors, Supervisors and Senior Management of the Company

2. applicable period

1 January 2023 to 31 December 2023

3. organization management

The Remuneration and Appraisal Committee of the Board of Directors of the Company shall, in accordance with this Plan, specifically organize and implement the performance appraisal of the appraisees and supervise the implementation of the remuneration system. The Supervisory Board and the internal audit body of the Company are responsible for supervising the assessment.

4. salary standard

1. Non-independent Director: Mr. Xu Guangfu, Chairman of the Board, is 800000 yuan (before tax) per year, and Mr. Xu Xiang, Director of the Board, is

600000 yuan per year (before tax), Mr. Shi Dafeng's salary is 600000 yuan per year (before tax), and Mr. Zhang Longgen, vice chairman, is 800000 yuan per year (before tax); Directors Mr. Zhou Qiangmin and Mr. Cao Wei receive corresponding salaries according to their specific positions and positions in the company according to the relevant salary and performance appraisal management system of the company, and no additional director salaries are received.

2. Independent Directors: Independent Directors Mr. Cao Liansheng, Mr. Yao Yi and Mr. Yuan Yuan Yuan receive an allowance for independent directors from the company at a rate of 200000 yuan per year (before tax).

3. Supervisors: Supervisors Mr. Zhang Jiliang, Ms. Li Heng and Mr. Guan Shihong receive corresponding remuneration according to their specific positions and positions in the company and in accordance with the relevant remuneration and performance appraisal management system of the company, and no longer receive additional remuneration for supervisors.

4. Senior management personnel: Senior management personnel receive corresponding salaries according to their specific positions in the company and in accordance with the company's relevant salary and performance appraisal management system.

5. Other Provisions

1. The remuneration of the Company's directors is paid semi-annually, and the remuneration of supervisors and senior management is paid monthly.

2. If the directors, supervisors and senior managers of the company leave their posts due to the change of office, re-election, resignation during the term of office, etc., the remuneration shall be calculated and paid according to their actual term of office.

3. The remuneration plan for directors and supervisors in 2023 needs to be submitted to the general meeting of shareholders of the company for consideration and approval before implementation.

6. opinion of independent directors

The Company's 2023 remuneration package for directors and senior management is in line with the Company's actual operations and industry remuneration levels, and the remuneration is reasonable. The review procedure complies with the "Articles of Association" and relevant laws and regulations, and there is no situation that harms the interests of the company and its shareholders, especially small and medium shareholders. Therefore, the independent directors unanimously agreed to the company's plan for the remuneration of directors and senior management in 2023, and agreed to submit the director's remuneration plan to the company's general meeting of shareholders for consideration.

It is hereby announced.

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

March 16, 2023