[INTRODUCTION 1 2 PART I 2 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS 2 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE 2 ITEM 3. KEY INFORMATION 3] [Loan Contract for Fixed Assets JDC2011003 No.: Borrower Xinjiang Daqo New Energy Co., Ltd 650000410003977 Business License No.: Guangfu Xu Legal Representative/Person in Charge: No. 2-13, 37 Bei Si Rd (E), 56 Residential Quarters, Shihezi Economic Development Zone, Xinjiang Domicile: 832000 Post code: Bank of China, Bei Er Rd Sub-branch, 108217634297 Account-opening financial institution and A/C: 0993-2706022 0993-2706022 Tel: Lender] [Contract No.: Wan Zhou Sub-branch Year 2011 Gong Gu Dai Zi No. 2901012011100666 Loan Contract for Fixed Assets Chongqing Daqo New Energy Co., Ltd Borrower: Chongqing Rural Commercial Bank 1 Dear client: With an aim to safeguard your interests, please carefully read the following notes before executing this Contract: 1 You have read all the terms hereof and are aware] [JIANYUYINTUANDUANQI[2011]001 SYNDICATED LOAN AGREEMENT IN AMOUNT OF RMB200,000,000 Among Chongqing Daqo New Energy Co., Ltd. As the Borrower China Construction Bank, Chongqing Branch As the Lead Manager China Construction Bank, Wanzhou Branch China Everbright Bank, Chongqing Branch As the Lenders And China Construction Bank, Wanzhou Branch As the Agent Bank Dated: March 1, 2011 This AGREEMENT, dated March 1, 2011,] [FIXED ASSETS LOAN AGREEMENT Huaxia Bank 1 FIXED ASSETS LOAN AGREEMENT LQ09102011110085 No.: Chongqing Daqo New Energy Co., Ltd. Party A (the Borrower): Xian Jia Village, Longdu, Wanzhou District, Chongqing, China Domicile: 404000 Guangfu Xu Post code: 023-64866606 023-64866688 Tel: Construction Bank Wanzhou Branch Bank of principal account: Account No.: Huaxia Bank, Wanzhou Branch Party B (the Lender): No. 318] [FIXED ASSETS LOAN AGREEMENT Huaxia Bank 1 FIXED ASSETS LOAN AGREEMENT LQ09102011110090 No.: Chongqing Daqo New Energy Co., Ltd. Party A (the Borrower): Xian Jia Village, Longdu, Wanzhou District, Chongqing, China Domicile: 404000 Post code: Guangfu Xu Legal representative: 023-64866606 Tel: 023-64866688 Fax: Construction Bank Wanzhou Branch Bank of principal account: Account No.: Huaxia Bank, Wanzhou Branch Party B (the] [High-voltage Electricity Supply Agreement Agreement No.: 316001870302 Supplier: Chongqing Electricity Company Wanzhou Supply Bureau Consumer: Chongqing Daqo New Energy Co., Ltd. Signing Place: No. 200, Baoshan Road, Shuanghekou, Wanzhou District 1 NOW THEREFORE, Chapter 1 Basic Situations of Electricity Supply and Consumption Article 1. Address of Electricity Consumption Address of electricity consumption of electricity consumer: No. 666, Huagong Avenue, Wanzhou] [File No.: CGYXGQ2011-005 Natural Gas Supply and Use Agreement Supplier User 1 Chongqing Chuangang Gas Company Supplier Chongqing Daqo New Energy Co., Ltd. User gas Agreement This Agreement is entered into by and between NOW THEREFORE Chapter 1 Definitions Contracted Gas Volume: refers to the Annual Gas Supply, Monthly Gas Supply and Daily Gas Supply as agreed by both parties] [List of Subsidiaries Subsidiaries: Jurisdiction of Incorporation : Chongqing Daqo New Energy Co., Ltd. People’s Republic of China Nanjing Daqo New Energy Co., Ltd. People’s Republic of China Daqo Solar Energy North America Xinjiang Daqo New Energy Co., Ltd. People’s Republic of China Dago New Energy Holdings (Canada) Ltd. Ontario, Canada Variable Interest Entity: Daqo New Material Co. Ltd. People’s] [I, Gongda Yao, certify that: 1. I have reviewed this annual report on Form 20-F of Daqo, Inc.; 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 made, not] [Certification by the Principal Financial Officer I, Bing Sun, certify that: 1. I have reviewed this annual report on Form 20-F of Daqo, Inc.; 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] [(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.] [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.] [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 reports dated April 30, 2012 relating to the consolidated financial statements and the financial statement schedule of Daqo New Energy Corp. and its subsidiaries and variable interest entity, and the effectiveness of Daqo New Energy]

[INTRODUCTION 1 2 PART I 2 ITEM1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT ANDVISERS 2 ITEM2. OFFER STATISTICS AND EXPECTED TIMETABLE 2 ITEM3. KEY INFORMATION 3 ITEM4. INFORMATION ON THEMPANY 27 ITEM4a. UNRESOLVED STAFFMMENTS 39 ITEM5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS 39 ITEM6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES] [Loanntract for Fixedsets STYLE="font-family:Times New Roman" SIZE="2"> JDC2011003 No.: Borrower Xinjiangqo New Energy 650000410003977 STYLE="font-family:Times New Roman" SIZE="2">Business License No.: Guangfu Xu Legal Representative/Person in Charge: No.2-13, 37 Bei Si Rd (E), 56 Residential Quarters, Shihezi Economic Development Zone, Xinjiang Domicile: 832000 Postde: Bank of China, Bei Er Rd Sub-branch, 108217634297] [STYLE="font-family:Times New Roman" SIZE="2">Contract No.: Wan Zhou Sub-branch Year 2011 Gong Gui Zi No.2901012011100666 Loanntract for Fixedsets STYLE="font-family:Times New Roman" SIZE="2"> Chongqingqo New Energy Borrower: Chongqing Ruralmmercial Bank 1 Dear client: STYLE="font-family:Times New Roman" SIZE="2">With an aim tofeguard your interests, pleaserefully read the following notes before executing thisntract:] [STYLE="font-family:Times New Roman" SIZE="2">JIANYUYINTUANDUANQI[2011]001 SYNDICATED LOANREEMENT IN AMOUNT OF RMB200,000,000 STYLE="font-family:Times New Roman" SIZE="2">Among Chongqingqo New Energy the Borrower Chinanstruction Bank, Chongqing Branch STYLE="font-family:Times New Roman" SIZE="2">As the Lead Manager Chinanstruction Bank, Wanzhou Branch China Everbright Bank, Chongqing Branch STYLE="font-family:Times New Roman" SIZE="2">As the Lenders] [FIXEDSETS LOANREEMENT STYLE="font-family:Times New Roman" SIZE="2"> Huaxia Bank 1 FIXEDSETS LOANREEMENT LQ09102011110085 No.: Chongqingqo New Energy Party A (the Borrower): Xian Jia Village, Longdu, Wanzhou District, Chongqing, China STYLE="font-family:Times New Roman" SIZE="2">Domicile: 404000 Guangfu Xu Postde: 023-64866606 023-64866688 Tel:nstruction Bank Wanzhou Branch] [FIXEDSETS LOANREEMENT STYLE="font-family:Times New Roman" SIZE="2"> Huaxia Bank 1 FIXEDSETS LOANREEMENT LQ09102011110090 No.: Chongqingqo New Energy Party A (the Borrower): Xian Jia Village, Longdu, Wanzhou District, Chongqing, China Domicile: 404000 Postde: Guangfu Xu Legal representative: 023-64866606 Tel: 023-64866688 Fax:nstruction Bank Wanzhou Branch] [High-voltage Electricity Supplyreement STYLE="font-family:Times New Roman" SIZE="2">reement No.: 316001870302 Supplier: Chongqing Electricitympany Wanzhou Supply Bureaunsumer: Chongqingqo New Energy Signing Place: No.200, Baoshan Road, Shuanghekou, Wanzhou District 1 NOW THEREFORE, Chapter 1 Basic Situations of Electricity Supply andnsumption STYLE="font-family:Times New Roman" SIZE="2"> Article 1.dress of Electricitynsumption] [STYLE="font-family:Times New Roman" SIZE="2">File No.: CGYXGQ2011-005 Natural Gas Supply and Usereement Supplier User STYLE="font-family:Times New Roman" SIZE="2"> 1 Chongqing Chuangang Gasmpany Supplier Chongqingqo New Energy User gasreement Thisreement is entered into by and between NOW THEREFORE Chapter 1 Definitionsntracted Gas Volume: refers to the Annual Gas Supply, Monthly Gas Supply andily Gas Supplyreed by both] [List of Subsidiaries Subsidiaries: Jurisdiction oforporation : Chongqingqo New Energy Peoples Republic of China Nanjingqo New Energy Peoples Republic of Chinaqo Solar Energy North America Xinjiangqo New Energy Peoples Republic of Chinago New Energys (Canada) Ontario,nada] [SIZE="1"> I, Gongda Yao, certify that: 1. I have reviewed this annual report on Form20-F ofqo,; 2. Based on my knowledge, this report does notntain 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] [SIZE="1"> Certification by the Principal Financial Officer I, Bing Sun, certify that: 1. I have reviewed this annual report on Form20-F ofqo,; 2. Based on my knowledge, this report does notntain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the] [SIZE="1"> (2)The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. d295589dex131.htm 12 EX-13.1] [SIZE="1"> Certification by the Principal Financial Officer (2) The informationntained in the Report fairly presents, inl material respects, the financialndition and results of operations of thempany. d295589dex132.htm 13 EX-13.2] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM STYLE="font-family:Times New Roman" SIZE="2">Wensent to theorporation by reference in the Registration Statement No. 333-172234 on Form S-8 of our reportsted April 30, 2012 relating to thensolidated financial statements and the financial statementhedule ofqo New Energyrp. and its subsidiaries and variable interest entity, and the effectiveness ofqo New Energyrp.]