Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the appointment of Ms. Xiaoyu Xu as Deputy Chief Executive Officer of the Company, effective October 30, 2024.

Ms. Xiaoyu Xu has served as the Company's Investor Relations Director and Board Secretary since May 2023 and as a Director since November 2023. She previously worked at J.P. Morgan in the Corporate and Investment Bank department. Ms. Xu holds an MBA degree with a focus on finance, from the Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in business administration from the Haas School of Business at the University of California, Berkeley. Ms. Xiaoyu Xu is the daughter of Mr. Xiang Xu, Chairman and CEO of Daqo New Energy.

"Ms. Xiaoyu Xu is a thoughtful, young leader who will bring global perspectives, optimism and deep commitment to our mission. We believe there are significant opportunities for us to explore in the renewable energy transition, both in China and globally. With her appointment, we will work to sharpen our corporate strategy and drive our next phase of growth while living our mission and values," said Mr. Xiang Xu.

"I am deeply honored to have the opportunity to work alongside our exceptional team and will strive to fortify our position in the industry and boost our competitiveness," said Xiaoyu. "I am deeply inspired by our founding mission and I am fully dedicated to fostering sustainable development of the Company, driving innovative advancement of green and clean energy on a global scale, and unlocking long-term values for our stakeholders."