SHANGHAI, Aug. 3, 2023
/PRNewswire/ -- 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 its Chairman and Founder, Mr. Guangfu Xu, will step down from his position as
Chairman of the Board of Directors (the "Board), effective
immediately, but will remain as a director on the Board. Meanwhile,
Mr. Longgen Zhang, after more than five years of dedicated service,
will step down as Chief Executive Officer and a director of the
Company with immediate effect due to personal reasons.
Concurrently, the Company announced the appointment of Mr.
Xiang Xu as Chairman of the Board
and Chief Executive Officer, effective immediately. Mr.
Xiang Xu has strong expertise across
the solar industry and corporate management. He has been serving as
a Director of the Company since its initial public offering and as
Vice Chairman of the Board since June
2022.
"I am grateful to have joined such a brilliant team at Daqo New
Energy on its journey to become a world-leading low-cost and
high-purity polysilicon manufacturer. I am proud of all the
accomplishments we have achieved together. As the Company has been
performing very well both operationally and financially, I believe
the time is right for me to step down from my position and spend
more time with my family and pursue personal interests.", said Mr.
Longgen Zhang.
The Company's Chairman of the Board and Chief Executive Officer
Xiang Xu said: "On behalf of our
Board, I would like to thank Longgen for his tremendous
contribution to the Company over the last five years. He has been a
highly valued member of our Board and has been instrumental in
sharpening our strategy and leading the Company to the next level.
While we sincerely regret Longgen's decision to leave, we fully
understand and respect his decision. We wish him all the best in
his future endeavors. As the new Chairman and Chief Executive
Officer, I will work closely with our board members and management
team to ensure a seamless leadership transition."
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.
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SOURCE Daqo New Energy Corp.