Daqo New Energy’s Subsidiaries Announce Five-Year High-Purity Polysilicon Supply Agreement with Shuangliang Eco-Energy

PVTIME – 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, announced on October 14 that its subsidiaries Xinjiang Daqo and Inner Mongolia Daqo had signed a five-year high-purity polysilicon supply agreement with Shuangliang Silicon Materials (Baotou) Co.,Ltd., a subsidiary of Shuangliang Eco-Energy (SH:600481) (“Shuangliang”) to supply its fast growing solar wafer business.

Under the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide Shuangliang with a total amount of 150,300 MT high-purity mono-grade polysilicon from November 2022 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.

Mr. Longgen Zhang, chief executive officer of Daqo New Energy, commented, “This five-year polysilicon supply agreement will strengthen our cooperation with Shuangliang, an outstanding solar wafer producer with very rapid capacity expansion plans. We expect that the demand for high-purity mono-grade polysilicon to remain strong, especially as the market gradually switches to the next generation of N-type technology. ”