Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
22 August 2023 - 10:50PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of August 2023
Commission File Number: 001-34602
DAQO NEW ENERGY CORP.
Unit 29D, Huadu Mansion, 838 Zhangyang Road,
Shanghai, 200122
The People’s Republic of China
(+86-21) 5075-2918
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b) (1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b) (7): ¨
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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DAQO NEW ENERGY CORP. |
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By: |
/s/ Xiang Xu |
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Name: |
Xiang Xu |
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Title: |
Chairman of the Board of Directors and Chief Executive Officer |
Date: August 22, 2023 |
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Exhibit 99.1
Daqo New Energy’s Subsidiary Xinjiang
Daqo Announced its Share Repurchase
Program for 2023
Shanghai, China—August 22, 2023—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 that the board of directors (the “Board”) of its subsidiary
Xinjiang Daqo New Energy Co., Ltd. (“Xinjiang Daqo”) has approved a share repurchase program authorizing Xinjiang Daqo to
repurchase RMB200 million to RMB400 million worth of its issued and outstanding shares by means of centralized bidding transactions, effective
until August 22, 2024. Based on a purchase price not exceeding RMB50 per share approved by its board, Xinjiang Daqo may repurchase less
than 0.4% of its outstanding shares under this program. Xinjiang Daqo expects to fund the repurchases out of its own funds, and plans
to use the repurchased shares for its share incentive plans subject to relevant regulatory requirements.
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) (“Daqo”
or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007,
the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into
ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 205,000 metric
tons and is one of the world's lowest cost producers of high-purity polysilicon.
For more information, please visit www.dqsolar.com.
For additional information, please contact:
Daqo New Energy Corp.
Investor Relations
Email: ir@daqo.com
Christensen
In China
Mr. Rene Vanguestaine
Phone: +86 178 1749 0483
Email: rene.vanguestaine@christensencomms.com
In the U.S.
Ms. Linda Bergkamp
Phone: +1 480 614 3004
Email: lbergkamp@christensencomms.com
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