Ticker: DQ, Company: DAQO NEW ENERGY CORP., Type: 20-F, Date: 2020-04-24, XBRL Interactive Financials
Original SEC Filing: Click here
Webplus: DQ/20200424/20-F/1/000.htm SEC Original: tm206464-1_20f.htm
Webplus: DQ/20200424/20-F/2_EX-2.2/000.htm SEC Original: tm206464d1_ex2-2.htm
Description of Ordinary Shares (Items 9.A.3, 9.A.5, 9.A.6, 10.B.3, 10.B.4, 10.B.6, 10.B.7, 10.B.8, 10.B.9 and 10.B.10 of Form 20-F) General All of our outstanding ordinary shares are fully paid and non-assessable. Certificates representing the ordinary shares are issued in registered form. Our shareholders may freely hold and vote their shares. Each of our ordinary shares has a par value US$0.0001.
Webplus: DQ/20200424/20-F/3_EX-4.11/000.htm SEC Original: tm206464d1_ex4-11.htm
Letter of Support TO THE BOARD OF DIRECTORS OF DAQO NEW ENERGY CORP. We, as major shareholders, acknowledge the net current liability position of Daqo New Energy Corp. as of December 31, 2019 and agree to provide necessary financial support to Daqo New Energy Corp. and its subsidiaries through Daqo Group Co., Ltd..(“Daqo Group”), another company wholly owned by the
Webplus: DQ/20200424/20-F/4_EX-4.18/000.htm SEC Original: tm206464d1_ex4-18.htm
Loan Agreement with Chongqing Rural Commercial Bank, Wanzhou Branch Date of the Agreement October 9, 2019 Lender (Party A) Chongqing Rural Commercial Bank, Wanzhou Branch Borrower (Party B) Xinjiang Daqo New Energy Co., Ltd. Use of loan proceeds Working capital for purchase of raw materials and supplementary materials and other operational purposes Amount RMB33.85 million Term of loan 12 months,
Webplus: DQ/20200424/20-F/5_EX-4.19/000.htm SEC Original: tm206464d1_ex4-19.htm
Loan Agreement with Chongqing Rural Commercial Bank, Wanzhou Branch Date of the Agreement July 15, 2019 Lender (Party A) Chongqing Rural Commercial Bank, Wanzhou Branch Borrower (Party B) Xinjiang Daqo New Energy Co., Ltd. Use of loan proceeds Working capital for purchase of raw materials and supplementary materials and other operational purposes Amount RMB116.65 million Term of loan 12 months,
Webplus: DQ/20200424/20-F/6_EX-4.20/000.htm SEC Original: tm206464d1_ex4-20.htm
Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank, Yecheng County Rural Credit Cooperative Association, Turpan City Rural Credit Cooperative Association and Xinjiang Urumqi Rural Commercial Bank Co., Ltd Date of the Agreement December 24, 2019 Lender (Party A) Xinjiang Shihezi Rural Cooperative Bank Yecheng County Rural Credit Cooperative Association Turpan City Rural Credit Cooperative Association Xinjiang Urumqi Rural Commercial Bank
Webplus: DQ/20200424/20-F/7_EX-4.21/000.htm SEC Original: tm206464d1_ex4-21.htm
Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank, Ruoqiang County Rural Credit Cooperative Association, Wushi County Rural Credit Cooperative Association, Kuche County Rural Credit Cooperative Association, Xinhe County Rural Credit Cooperative Association, Zepu County Rural Credit Cooperative Association, Shaya County Rural Credit Cooperative Association and Xinjiang Wusu Rural Commercial Bank Co., Ltd Date of the Agreement March 14, 2019 Lender
Webplus: DQ/20200424/20-F/8_EX-4.22/000.htm SEC Original: tm206464d1_ex4-22.htm
Credit Line Agreement with China Guangfa Bank, Urumqi Branch Date of the Agreement May 27, 2019 Creditor (Party A) China Guangfa Bank, Urumqi Branch Borrower (Party B) Xinjiang Daqo New Energy Co., Ltd. Amount of revolving credit facility Up to RMB350 million (including up to RMB150 million of unsecured loans) Form of loans Working capital loans, bank’s acceptance bill, discount
Webplus: DQ/20200424/20-F/9_EX-4.23/000.htm SEC Original: tm206464d1_ex4-23.htm
Loan Agreement with Bank of China, Zhenjiang Branch Date of the Agreement April 17, 2019 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) Bank of China, Zhenjiang Branch Use of loan proceeds Construction multicrystalline silicon production facilities Amount RMB400 million Term of loan Sixty months Interest rate 10% over PBOC’s one-year to five-year loan prime rate
Webplus: DQ/20200424/20-F/10_EX-4.24/000.htm SEC Original: tm206464d1_ex4-24.htm
Loan Agreement with Bank of China, Shihezi Branch Date of the Agreement May 5, 2019 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) Bank of China, Shihezi Branch Use of loan Payment of electricity bills Amount RMB50 million Term of loan Twelve months Interest rate China’s National Inter-Bank Funding Center’s one-year loan prime rate as of
Webplus: DQ/20200424/20-F/11_EX-4.25/000.htm SEC Original: tm206464d1_ex4-25.htm
Loan Agreement with China Everbright Bank, Urumqi Branch Date of the Agreement February 28, 2019 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) China Everbright Bank, Urumqi Branch Use of loan proceeds Business operations Principal RMB70 million Term of loan From February 28, 2019 to February 27, 2020 Interest rate Fixed rate at 5.8725% per year
Webplus: DQ/20200424/20-F/12_EX-4.26/000.htm SEC Original: tm206464d1_ex4-26.htm
Loan Agreement with China Minsheng Bank, Urumqi Branch Date of the Agreement September 3, 2019 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) China Minsheng Bank, Urumqi Branch Use of loan proceeds Payment for raw materials and supplementary materials, utilities and other operational purposes Amount of principal RMB30 million Term of loan 12 months Interest rate
Webplus: DQ/20200424/20-F/13_EX-8.1/000.htm SEC Original: tm206464d1_ex8-1.htm
List of Subsidiaries Subsidiaries Jurisdiction of Incorporation: Chongqing Daqo New Energy Co., Ltd. People’s Republic of China Xinjiang Daqo New Energy Co., Ltd. People’s Republic of China Xinjiang Daqo Investment Co., Ltd. People’s Republic of China
Webplus: DQ/20200424/20-F/14_EX-12.1/000.htm SEC Original: tm206464d1_ex12-1.htm
I, Longgen Zhang, certify that: 1. I have reviewed this annual report on Form 20-F of Daqo New Energy Corp.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were
Webplus: DQ/20200424/20-F/15_EX-12.2/000.htm SEC Original: tm206464d1_ex12-2.htm
Certification by the Principal Financial Officer I, Ming Yang, certify that: 1. I have reviewed this annual report on Form 20-F of Daqo New Energy Corp.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
Webplus: DQ/20200424/20-F/16_EX-13.1/000.htm SEC Original: tm206464d1_ex13-1.htm
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Webplus: DQ/20200424/20-F/17_EX-13.2/000.htm SEC Original: tm206464d1_ex13-2.htm
Certification by the Principal Financial Officer (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Webplus: DQ/20200424/20-F/18_EX-15.1/000.htm SEC Original: tm206464d1_ex15-1.htm
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the incorporation by reference in the Registration Statements No. 333-172234, No. 333-205547 and No.333-224865 on Form S-8 and No.333-223754 on Form F-3 of our reports dated April 24, 2020, relating to the financial statements of Daqo New Energy Corp. and the effectiveness of Daqo New Energy Corp.’s internal control over
Company Info:
Ticker: DQ, Company: DAQO NEW ENERGY CORP., Type: 20-F, Date: 2020-04-24, XBRL Interactive FinancialsCIK: 0001477641, Location: F4, SIC: 3674, SIC Desc: SEMICONDUCTORS & RELATED DEVICES
Business Phone & Address:
666 LONGDU AVENUE
WANZHOU, CHONGQING 404000
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