Stock code: 688303 Stock abbreviation: Daquan Energy Bulletin No.: 2024-026

Xinjiang Daqo New Energy Co., Ltd.

Announcement on the progress of the repurchase of the company's shares by means of centralized bidding.

the company's board of directors and all directors to ensure that the contents of this 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.

Important Content Tips:

The repurchase plan was first disclosed on 2023/8/23, by Mr. Xu Guangfu, the actual controller and chairman of the board.

Discussion

The implementation period of the repurchase plan is 2023/8/22~2024/8/21.

Estimated Repurchase Amount 200 million ~ 400 million yuan

□ Reduction of registered capital

Repurchase purposes √For employee stock ownership plans or equity incentives

□ for conversion of corporate convertible bonds

□ To safeguard company value and shareholders' equity

Cumulative number of shares repurchased 8,046,439 shares

Cumulative number of shares repurchased as 0.3751 per cent of total share capital

Example

Accumulated Repurchase Amount 272.9963 million Yuan

The actual repurchase price range is 23.69 yuan/share ~ 40.58 yuan/share.

Basic information on 1. share repurchases

On August 22, 2023, the company held the fourth meeting of the third board of directors, deliberated and adopted the "on

Proposal to repurchase the Company's shares by means of a centralized auction transaction. Agree to use the company's own funds to buy back the company's shares in a centralized bidding transaction. The total amount of funds for this repurchase shall not be less than RMB 200 million (inclusive) and not more than RMB 400 million (inclusive). All the repurchased shares will be used for employee stock ownership plan or equity incentive at an appropriate time in the future, and the repurchase price shall not exceed RMB 50 per share (inclusive). The repurchase period shall not exceed 12 months from the date of consideration and approval of the share repurchase plan by the Board of Directors. For details, please refer to the company in 2023.

On August 23, 2012 and September 22, 2023, it was disclosed on the website of Shanghai Stock Exchange (www.sse.com.cn)

The "Announcement of Xinjiang Daquan New Energy Co., Ltd. on the Repurchase of the Company's Shares by Centralized Auction Trading" (Announcement No.: 2023-040), "Xinjiang Daquan New Energy Co., Ltd. on the Repurchase of the Company's Shares by Centralized Auction Trading Report" (Announcement No.: 2023-051).

Progress of 2. share buybacks

In accordance with the Rules Governing the Repurchase of Shares of Listed Companies, the Shanghai Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 7

According to the relevant provisions of the No.-Repurchase of Shares, the Company shall announce the progress of the repurchase up to the end of the previous month within the first three trading days of each month during the repurchase period. The progress of the company's repurchase is announced as follows:

As of May 31, 2024, through the Shanghai Stock Exchange trading system, through centralized bidding.

The cumulative repurchase of 8,046,439 shares of the company, accounting for 0.3751 of 2,144,937,715 shares of the company's total share capital, the highest price of the repurchase transaction is 40.58 yuan/share, the lowest price is 23.69 yuan/share, the total amount of funds paid is 272,996,300.11 yuan (excluding transaction costs).

The above repurchase progress is in compliance with laws and regulations and the Company's share repurchase program.

3. other matters

The company will strictly follow the "Share Repurchase Rules for Listed Companies", "Shanghai Stock Exchange Listed Companies Self-Regulatory Guidelines No. 7-Share Repurchase" and other relevant regulations, and make repurchase decisions based on market conditions during the repurchase period. Implement it, and perform information disclosure obligations in a timely manner based on the progress of the repurchase of shares. Investors are kindly requested to pay attention to investment risks.

It is hereby announced.

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

June 4, 2024