[Daqo New Energy Corp. Announces Pricing of Registered Follow-on Public Offering of American Depositary Shares CHONGQING, China, May 14, 2014 -- Daqo New Energy Corp. (NYSE: DQ) (the “Company”), a leading polysilicon manufacturer based in China, today announced that the previously announced registered follow-on public offering of American depositary shares (“ADSs”) by the Company was priced at US$29.00 per ADS] []
[PROSPECTUS SUPPLEMENT Page About this Prospectus Supplement S-ii S-iii Prospectus Supplement Summary S-1 The Offering S-10 Risk Factors S-11 Use of Proceeds S-31]
[2,000,000 American Depositary Shares representing 50,000,000 Shares, par value $0.0001 per Share DAQO NEW ENERGY CORP. UNDERWRITING AGREEMENT May [●], 2014 Credit Suisse Securities (USA) LLC As Representative of the several Underwriters named in Schedule A hereto Ladies and Gentleman: Company Underwriters Representative Firm ADSs Shares Option ADSs Daqo New Energy Corp., an exempted company incorporated in the Cayman Islands] [Office: Mobile: rthorp@traversthorpalberga.com To: Daqo New Energy Corp. 12 May 2014 Dear Sirs Daqo New Energy Corp. Company Commission Act Registration Statement Ordinary Shares ADSs We have acted as Cayman Islands legal advisers to Daqo New Energy Corp. (the " This opinion is given in accordance with the terms of the Legal Matters section of the Registration Statement. 1 Documents] [20/F, China Resources Building Beijing 100005, PRC T: (86-10) 8519-1300 F: (86-10) 8519-1350 junhebj@junhe.com May 12, 2014 Daqo New Energy Corp. Re: Certain PRC Tax Matters Dear Sir/Madam, PRC We are qualified lawyers of the People’s Republic of China (the “ Company Opinion SEC Registration Statement Prospectus Offering ADSs Shares We have been requested by Daqo New Energy Corp. (the] [20/F, China Resources Building Beijing 100005, PRC T: (86-10) 8519-1300 F: (86-10) 8519-1350 junhebj@junhe.com May 12, 2014 Daqo New Energy Corp. Dear Sir/Madam, Yours faithfully, Jun He Law Offices Beijing Head Office Tel: (86-10) 8519-1300 Fax: (86-10) 8519-1350 Shenzhen Office Tel: (86-755) 2587-0765 Fax: (86-755) 2587-0780 Dalian Office Tel: (86-411) 8250-7578 Fax: (86-411) 8250-7579 Hong Kong Office Tel: (852) 2167-0000] []
[2,000,000 American Depositary Shares representing 50,000,000 Shares, par value $0.0001 per Share DAQO NEW ENERGY CORP. UNDERWRITING AGREEMENT May [●], 2014 Credit Suisse Securities (USA) LLC As Representative of the several Underwriters named in Schedule A hereto Ladies and Gentleman: Company Underwriters Representative Firm ADSs Shares Option ADSs Daqo New Energy Corp., an exempted company incorporated in the Cayman Islands] [Office: Mobile: rthorp@traversthorpalberga.com To: Daqo New Energy Corp. 12 May 2014 Dear Sirs Daqo New Energy Corp. Company Commission Act Registration Statement Ordinary Shares ADSs We have acted as Cayman Islands legal advisers to Daqo New Energy Corp. (the " This opinion is given in accordance with the terms of the Legal Matters section of the Registration Statement. 1 Documents] [20/F, China Resources Building Beijing 100005, PRC T: (86-10) 8519-1300 F: (86-10) 8519-1350 junhebj@junhe.com May 12, 2014 Daqo New Energy Corp. Re: Certain PRC Tax Matters Dear Sir/Madam, PRC We are qualified lawyers of the People’s Republic of China (the “ Company Opinion SEC Registration Statement Prospectus Offering ADSs Shares We have been requested by Daqo New Energy Corp. (the] [20/F, China Resources Building Beijing 100005, PRC T: (86-10) 8519-1300 F: (86-10) 8519-1350 junhebj@junhe.com May 12, 2014 Daqo New Energy Corp. Dear Sir/Madam, Yours faithfully, Jun He Law Offices Beijing Head Office Tel: (86-10) 8519-1300 Fax: (86-10) 8519-1350 Shenzhen Office Tel: (86-755) 2587-0765 Fax: (86-755) 2587-0780 Dalian Office Tel: (86-411) 8250-7578 Fax: (86-411) 8250-7579 Hong Kong Office Tel: (852) 2167-0000] []
[Daqo New Energy Corp. Announces Unaudited First Quarter 2014 Results - Returned to profitability in Q1 2014 - Non-GAAP gross margin of 30.2% - Q1 2014 EBITDA of $13.7 million, up from $8.1 million in Q4 2013 - Polysilicon cash cost of $11.8/kg and production of 1,517 MT - Increasing production capacity from 6,150 MT to 12,150 MT by the] [Daqo New Energy Corp. Announces Proposed Follow-on Public Offering of American Depositary Shares The Company intends to grant to the underwriter a 30-day option to purchase up to additional ADSs. The Company intends to use t CHONGQING, China, May 12, 2014 -- Daqo New Energy Corp. (NYSE: DQ) (the “Company”), a leading polysilicon manufacturer based in China, today announced the] []
[Daqo New Energy Corp. Announces Unaudited First Quarter 2014 Results - Returned to profitability in Q1 2014 - Non-GAAP gross margin of 30.2% - Q1 2014 EBITDA of $13.7 million, up from $8.1 million in Q4 2013 - Polysilicon cash cost of $11.8/kg and production of 1,517 MT - Increasing production capacity from 6,150 MT to 12,150 MT by the] [Daqo New Energy Corp. Announces Proposed Follow-on Public Offering of American Depositary Shares The Company intends to grant to the underwriter a 30-day option to purchase up to additional ADSs. The Company intends to use t CHONGQING, China, May 12, 2014 -- Daqo New Energy Corp. (NYSE: DQ) (the “Company”), a leading polysilicon manufacturer based in China, today announced the] []
[PROSPECTUS SUPPLEMENT Page About this Prospectus Supplement S-ii S-iii Prospectus Supplement Summary S-1 The Offering S-10 Risk Factors S-11 Use of Proceeds S-31 Capitalization S-32 Market Price Information for our ADSs]
[PROSPECTUS SUPPLEMENT Page About this Prospectus Supplement S-ii S-iii Prospectus Supplement Summary S-1 The Offering S-10 Risk Factors S-11 Use of Proceeds S-31 Capitalization S-32 Market Price Information for our ADSs]
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[Title of Each Class Name of Exchange on Which Registered American depositary shares, each representing 25 ordinary shares Ordinary shares, par value US$0.0001 per share* * ____________________ None None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. 173,427,853 ordinary] [] [] [Comprehensive credit agreement with Everbright Bank Date of the Agreement March 20, 2013 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) China Everbright Bank Chongqing Wanzhou Branch Maximum credit line and sublimits RMB100 million consisting:- ordinary loan of RMB70 million; and bank acceptance of RMB30 million. Term of maximum credit From March 20, 2013 to March] [Loan agreement with Everbright Bank Date of the Agreement March 20, 2013 Borrower (Party A) Xinjiang Daqo New Energy Co., Ltd. Lender (Party B) China Everbright Bank Chongqing Wanzhou Branch Use of loan Working capital Principal RMB 70 million Term of loan From March 20, 2013 to March 20, 2014 Grant of loan Loan shall be granted at any time] [Loan agreement with China Construction Bank Date of the Agreement April 17, 2013 Borrower (Party A) Chongqing Daqo New Energy Co., Ltd. Lender (Party B) China Construction Bank Wanzhou Branch Use of loan Working capital Amount RMB 70 million Term of loan 1 year, from April 17, 2013 to April 16, 2014. If the commencement date of the term of] [Loan agreement with China Construction Bank Date of the Agreement November 6, 2013 Borrower (Party A) Chongqing Daqo New Energy Co., Ltd. Lender (Party B) China Construction Bank Wanzhou Branch Use of loan Working capital Amount RMB 30 million Term of loan 1 year, from November 6, 2013 to November 5, 2014. If the commencement date of the term of] [Loan agreement with Chongqing Three Gorges Bank Date of the Agreement December 18, 2013 Borrower (Party A) Chongqing Daqo New Energy Co., Ltd. Lender (Party B) Chongqing Three Gorges Bank Wanzhou Branch Date and No. of comprehensive credit agreement SXC02262013400017 December 18, 2013 Use of loan Purchase of raw material Type of loan Working capital loan Amount RMB 70 million] [Lease Contract (Revised Edition) This Lease Contract (hereinafter referred to as “this Contract”) is made by and between the following two parties, taking effect since January 1, 2009. Lessor: Daqo New Material Co., Ltd. Address: Industrial Park of Wanzhou District, Chongqing Legal representative: Xu Guangfu Lessee: Chongqing Daqo New Energy Co., Ltd. Address: (Salt and Gas Chemical Industrial Park of] [Lease Contract This Lease Contract (hereinafter referred to as “this Contract”) is made by and between the following two parties, taking effect since January 1, 2012: Lessor: Daqo New Material Co., Ltd. Address: Industrial Park of Wanzhou District, Chongqing Legal representative: Xu Guangfu Lessee: Chongqing Daqo New Energy Co., Ltd. Address: Xianjia Village, Longdu Street, Wanzhou District, Chongqing Legal representative:] [Supplemental Agreement to the Lease Contract Lessor: Daqo New Material Co., Ltd. Address: Industrial Park of Wanzhou District, Chongqing Legal representative: Xu Guangfu Lessee: Chongqing Daqo New Energy Co., Ltd. Address: (Salt and Gas Chemical Industrial Park of Wanzhou District, Chongqing) Xianjia Village, Longdu Street, Wanzhou District, Chongqing Legal representative: Xu Guangfu Given the Lessor and the Lessee had signed] [Supplementary Agreement to the Lease Contract Lessor: Daqo New Material Co., Ltd. Address: Industrial Park of Wanzhou District, Chongqing Legal representative: Xu Guangfu Lessee: Chongqing Daqo New Energy Co., Ltd. Address: (Salt and Gas Chemical Industrial Park of Wanzhou District, Chongqing) Xianjia Village, Longdu Street, Wanzhou District, Chongqing Legal representative: Xu Guangfu In regard to leasing matters, on the basis] [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] [I, Gongda Yao, 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] [Certification by the Principal Financial Officer I, Bing Sun, 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] [(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Gongda Yao Gongda Yao Chief Executive Officer] [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. Bing Sun Bing Sun Chief Financial Officer] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the incorporation by reference in the Registration Statement No. 333-172234 on Form S-8 of our report dated April 14, 2014 relating to the consolidated financial statements and financial statement schedule of Daqo New Energy Corp. and subsidiaries and variable interest entity (the “Company”), appearing in the Annual Report on Form]
