SHANGHAI, Oct. 30,
2024 /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 the appointment of Ms. Xiaoyu
Xu as Deputy Chief Executive Officer of the Company,
effective October 30, 2024.
Ms. Xiaoyu Xu has served as the
Company's Investor Relations Director and Board Secretary since
May 2023 and as a Director since
November 2023. She previously worked
at J.P. Morgan in the Corporate and Investment Bank department. Ms.
Xu holds an MBA degree with a focus on finance, from the Wharton
School of the University of
Pennsylvania, and a Bachelor of Science degree in business
administration from the Haas School of Business at the University of California, Berkeley. Ms.
Xiaoyu Xu is the daughter of Mr.
Xiang Xu, Chairman and CEO of Daqo
New Energy.
"Ms. Xiaoyu Xu is a thoughtful,
young leader who will bring global perspectives, optimism and deep
commitment to our mission. We believe there are significant
opportunities for us to explore in the renewable energy transition,
both in China and globally. With
her appointment, we will work to sharpen our corporate strategy and
drive our next phase of growth while living our mission and
values," said Mr. Xiang Xu.
"I am deeply honored to have the opportunity to work alongside
our exceptional team and will strive to fortify our position in the
industry and boost our competitiveness," said Xiaoyu. "I am deeply
inspired by our founding mission and I am fully dedicated to
fostering sustainable development of the Company, driving
innovative advancement of green and clean energy on a global scale,
and unlocking long-term values for our stakeholders."
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 305,000 metric tons and is one of
the world's lowest cost producers of high-purity polysilicon.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "guidance" and similar statements. The
Company may also make written or oral forward-looking statements in
its reports filed or furnished to the U.S. Securities and Exchange
Commission, in its annual reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, all of which are difficult or impossible to predict
accurately and many of which are beyond the Company's control. A
number of factors could cause actual results to differ materially
from those contained in any forward-looking statement, including
but not limited to the following: the demand for photovoltaic
products and the development of photovoltaic technologies; global
supply and demand for polysilicon; alternative technologies in cell
manufacturing; the Company's ability to significantly expand its
polysilicon production capacity and output; the reduction in or
elimination of government subsidies and economic incentives for
solar energy applications; the Company's ability to lower its
production costs; and changes in political and regulatory
environment. Further information regarding these and other risks is
included in the reports or documents the Company has filed with, or
furnished to, the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date
hereof, and the Company undertakes no duty to update such
information or any forward-looking statement, except as required
under applicable law.
For more information, please visit www.dqsolar.com.
View original
content:https://www.prnewswire.com/news-releases/daqo-new-energy-promotes-xiaoyu-xu-as-deputy-chief-executive-officer-302291364.html
SOURCE Daqo New Energy Corp.