Daqo New Energy - Company News

Chongqing Daqo New Energy Recognized as Hi-Tech Enterprise

CHONGQING,China,December 9, 2009-Chongqing City published the second batch of names of enterprises which are eligible for hi-tech status. Chongqing Daqo New Energy was included amongst the enterprises which will be entitled to tax reduction.

About Daqo New Energy

We are a leading polysilicon manufacturer based in Wanzhou, China. We manufacture and sell high-quality polysilicon to photovoltaic product manufacturers, who further process our polysilicon into ingots, wafers, cells and modules for solar power solutions. With an installed annual production capacity of 3,300 metric tons (“MT”) as of September 30, 2009, we are one of the largest polysilicon manufacturers in China. We plan to increase our installed annual production capacity to 9,300 MT by March 2012. In addition to ramping up our capacity, we have consistently focused on producing high-quality polysilicon in a cost-efficient manner, which we believe has contributed to our market position and will benefit us and our customers. Headquartered in Wanzhou, China, Daqo New Energy has a 200MW photovoltaic module manufacturing facility in Nanjing, China, as well as sales offices in the USA and Germany. For more information, please visit http://www.dqsolar.com

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, that reflect Daqo New Energy’s judgment and involve risks and uncertainties as of the date of this release, including without limitation the statements related to anticipated product development timelines and Daqo New Energy’s manufacturing strategy. All forward-looking statements and other information included in this press release are based on information available to Daqo New Energy as of the date hereof, and Daqo New Energy assumes no obligation to update any such forward-looking statements or information. Daqo New Energy’s actual results could differ materially from those described in Daqo New Energy’s forward-looking statements. Other factors that could cause or contribute to such differences include, but are not limited to, risks related to significant regulatory, supply and competitive barriers to entry. Further information regarding these and other risks, uncertainties or factors is included in Daqo New Energy’s filings with the U.S. Securities and Exchange Commission. Daqo New Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Press and Investor Contacts

Calvin Lau

Investor Relations

Calvin.Lau@daqo.com

+86-23-6486-6573

+86-136-3646-8590

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