Daqo New Energy Announces Appointment Of New Director

CHONGQING, China, Feb. 20, 2013 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading polysilicon manufacturer based in China, today announced the appointment of Mr. Dafeng Shi as a director, effective on February 21, 2013.

Mr. Shi was serving as a director of the Company since its IPO until October 2011. Mr. Shi has been the vice president for finance of Daqo Group since January 2006 and currently holds directorship positions with five subsidiaries of Daqo Group. Prior to joining Daqo Group, Mr. Shi served as the vice president of Yangzhong Tianyuan Accounting Firm from 2000 to 2001. Mr. Shi received his bachelor's degree in economic management from the Correspondence Institute of the Central Party School in 1997 and his associate degree in accounting from Nanjing University of Finance & Economics in 1992. Mr. Shi received his master degree of professional accountancy from The Chinese University of Hong Kong. Mr. Shi is a Certified Public Accountant in China.

Mr. Shi will replace Mr. Fei Ge, who resigned from the Board of Director of the Company for personal reasons. Mr. Ge's decision is not the result of any dispute or disagreement with the Company or its Board on any matter relating to the Company's operations, policies or practices.

Mr. Guangfu Xu, Daqo New Energy 's Chairman commented, "We sincerely appreciate Mr. Ge's contribution to the Company within his tenure. We also welcome Mr. Shi to come back to our board. His extensive experience and professional expertise in accounting and financing will add great value to the Company."

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) is a leading polysilicon manufacturer based in China. Daqo New Energy primarily manufactures and sells high-quality polysilicon to photovoltaic product manufacturers. It also manufactures and sells photovoltaic wafers. For more information about Daqo New Energy, please visit www.dqsolar.com.

For further information, please contact:

Daqo New Energy Corp. Kevin He, Investor Relations+86-23-6486-6556 [e-mail]

SOURCE Chongqing Daqo New Energy Co., Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.