Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares)

Daqo New Energy Corp. is a holding company, which engages in the provision of polysilicon products. The company is headquartered in Shanghai, Shanghai and currently employs 3,842 full-time employees. The company went IPO on 2010-10-07. The firm utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The firm manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The firm offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The firm also offers wafers through its downstream photovoltaic product manufacturing business. The firm mainly conducts its businesses within domestic market.