<SEC-DOCUMENT>0001144204-18-027623.txt : 20180511
<SEC-HEADER>0001144204-18-027623.hdr.sgml : 20180511
<ACCEPTANCE-DATETIME>20180511160317
ACCESSION NUMBER:		0001144204-18-027623
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20180511
DATE AS OF CHANGE:		20180511
EFFECTIVENESS DATE:		20180511

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DAQO NEW ENERGY CORP.
		CENTRAL INDEX KEY:			0001477641
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-224865
		FILM NUMBER:		18826827

	BUSINESS ADDRESS:	
		STREET 1:		666 LONGDU AVENUE
		CITY:			WANZHOU, CHONGQING
		STATE:			F4
		ZIP:			404000
		BUSINESS PHONE:		(86-23) 6486-6666

	MAIL ADDRESS:	
		STREET 1:		666 LONGDU AVENUE
		CITY:			WANZHOU, CHONGQING
		STATE:			F4
		ZIP:			404000
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tv493732_s8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on May 11, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No. 333-</B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 0.75pt; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DAQO NEW ENERGY CORP.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Exact name of registrant as specified
in its charter)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Cayman Islands</B></FONT></TD>
    <TD STYLE="width: 20%; padding-right: 4.65pt; padding-left: 4.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 40%; padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Not Applicable</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>(State or other jurisdiction of</I></FONT></TD>
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>(I.R.S. Employer</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>incorporation or organization)</I></FONT></TD>
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 4.65pt; padding-left: 4.65pt; text-align: center"><FONT STYLE="font-size: 10pt"><I>Identification Number)</I></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>666 Longdu Avenue </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Wanzhou, Chongqing 404000 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(86-23) 6486-6666</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Address, including zip code, and telephone
number, including area code, of registrant&rsquo;s principal executive offices)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2018 Share Incentive Plan</B><BR>
<I>(Full title of the plan)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Law Debenture Corporate Services Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>400 Madison Avenue, 4<SUP>th</SUP> Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 750-6474</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Name, address, including zip code, and
telephone number, including area code, of agent for service) </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth company&rdquo;
in Rule 12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">Large accelerated filer <FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top">Accelerated filer <FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left; vertical-align: top"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">Non-accelerated filer <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>
                                                  <P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">(Do not check if a smaller reporting company)</P></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 33%">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font: 10pt Wingdings; width: 34%"></TD>
    <TD STYLE="font-size: 10pt; width: 33%; text-align: left">Smaller reporting company <FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    </TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ming Yang</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chief Financial Officer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Daqo New Energy Corp.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>666 Longdu Avenue </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Wanzhou, Chongqing 404000 </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>People&rsquo;s Republic of China </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(86-23) 6486-6666</B></P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Z. Julie Gao, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Will H. Cai, Esq.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Skadden, Arps, Slate, Meagher &amp; Flom
        LLP<BR>
        c/o 42/F, Edinburgh Tower, The Landmark, </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>15 Queen&rsquo;s Road Central</B><BR>
<B>Hong Kong</B><BR>
<B>(852) 3740-4700</B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Calculation
of Registration Fee</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="text-align: center; vertical-align: top">
    <TD STYLE="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title of Securities to be</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Registered <SUP>(1)</SUP></B></FONT></P></TD>
    <TD STYLE="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount to</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>be</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Registered <SUP>(2)</SUP></B></FONT></P></TD>
    <TD STYLE="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Proposed</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Maximum</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Aggregate</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Offering Price</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">per Share</P></TD>
    <TD STYLE="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Proposed</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Maximum</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Aggregate</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Offering Price</P></TD>
    <TD STYLE="white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">Amount of</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Registration</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">Fee</P></TD></TR>
<TR STYLE="text-align: center; vertical-align: middle">
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif; padding: 0; text-indent: 0; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">Ordinary Shares, par value</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">US$0.0001 per share</P></TD>
    <TD STYLE="width: 19%; font: 10pt Times New Roman, Times, Serif; padding: 0; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,600,000<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="width: 19%; font: 10pt Times New Roman, Times, Serif; padding: 0; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">US$2.12 <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="width: 19%; font: 10pt Times New Roman, Times, Serif; padding: 0; border-right: Black 1pt solid; border-bottom: Black 1pt solid">US$81,839,720.00</TD>
    <TD STYLE="width: 19%; font: 10pt Times New Roman, Times, Serif; padding: 0; border-right: Black 1pt solid; border-bottom: Black 1pt solid">US$10,189.05</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.35pt; text-indent: -27.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.35pt; text-indent: -27.35pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">(1)</TD><TD>These shares may be represented by the Registrant&rsquo;s ADSs, each of which represents 25 ordinary shares. The Registrants&rsquo;
ADSs issuable upon deposit of the ordinary shares registered hereby have been registered under a separate registration statement
on Form F-6 (333-164310).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">(2)</TD><TD>Represents ordinary shares issuable upon exercise of options and pursuant to other awards granted under the 2018 Share Incentive
Plan (the &ldquo;Plan&rdquo;). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;),
this Registration Statement also covers an indeterminate number of additional shares which may be offered and issued to prevent
dilution from share splits, share dividends or similar transactions as provided in the Plan. Any ordinary shares covered by an
award granted under the Plan (or portion of an award) that terminates, expires or lapses for any reason will be deemed not to have
been issued for purposes of determining the maximum aggregate number of ordinary shares that may be issued under the Plan.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27pt">(3)</TD><TD>Represent the number of ordinary shares reserved for future award grants under the Plan, and the corresponding proposed maximum
offering price per share, which is estimated solely for the purposes of calculating the registration fee under Rule 457(h) and
Rule 457(c) under the Securities Act, is based on the average of the high and low prices for the Registrant&rsquo;s American Depositary
Shares, or ADSs, as quoted on the New York Stock Exchange on May 1, 2018.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27.35pt; text-indent: -27.35pt">&nbsp;</P>


<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 1.</TD><TD STYLE="text-align: justify">Plan Information*</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 2.</TD><TD STYLE="text-align: justify">Registrant Information and Employee Plan Annual Information*</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* Information required by Part I to be contained in the Section
10(a) prospectus is omitted from this registration statement in accordance with Rule 428 under the Securities Act and the Note
to Part I of Form S-8. The documents containing information specified in this Part&nbsp;I will be separately provided to the participants
covered by the Plan, as specified by Rule&nbsp;428(b)(1) under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: -12.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION
STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 3.</TD><TD STYLE="text-align: justify"><U>Incorporation of Documents by Reference</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following documents previously filed
by Daqo New Energy Corp. (the &ldquo;Registrant&rdquo;) with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
are incorporated by reference herein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">(a)</TD><TD>The Registrant&rsquo;s latest annual report on Form 20-F (File No. 001-34602) filed with the Commission on March 16, 2018 pursuant
to Section 13(a) of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">(b)</TD><TD>The Registrant&rsquo;s prospectus dated on March 26, 2018 (File No. 333-223754) filed with the Commission on April 11, 2018
pursuant to Rule 424 (b)(5) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;); and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">(c)</TD><TD>The description of the Registrant&rsquo;s ordinary shares incorporated by reference in the Registrant&rsquo;s registration
statement on Form 8-A (File No. 001-34602) filed with the Commission on September 28, 2010, including any amendment and report
subsequently filed for the purpose of updating that description.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">All documents subsequently filed by the
Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this registration statement and
prior to the filing of a post-effective amendment to this registration statement which indicates that all securities offered have
been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this registration
statement and to be part hereof from the date of filing of such documents. Any statement in a document incorporated or deemed to
be incorporated by reference in this registration statement will be deemed to be modified or superseded to the extent that a statement
contained in this registration statement or in any other later filed document that also is or is deemed to be incorporated by reference
modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as so modified or
superseded, to be a part of this registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 4.</TD><TD STYLE="text-align: justify"><U>Description of Securities</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 5.</TD><TD STYLE="text-align: justify"><U>Interests of Named Experts and Counsel</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-weight: normal">Not
applicable.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 6.</TD><TD STYLE="text-align: justify"><U>Indemnification of Directors and Officers</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Cayman Islands law does not limit the extent
to which a company&rsquo;s articles of association may provide for indemnification of directors and officers, except to the extent
any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against civil fraud or the consequences of committing a crime. The Registrant&rsquo;s Fourth Amended and Restated Articles of Association,
adopted by its shareholders on December 16, 2016 and filed as Exhibit 1.1 to the annual report on Form 20-F (File No. 111-34602),
provide that the Registrant shall indemnify its directors and officers against actions, proceedings, costs, charges, expenses,
losses, damages or liabilities incurred by such persons in their capacity as such, except through their own willful neglect or
default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the indemnification agreements,
the form of which was filed as Exhibit 10.2 to the Registrant&rsquo;s registration statement on Form F-1, as amended (File No.
333-164307), the Registrant has agreed to indemnify its directors and officers against certain liabilities and expenses incurred
by such persons in connection with claims made by reason of their being such a director or officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant pursuant to the
foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification is against public
policy as expressed in the Securities Act and is therefore unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant also maintains a directors
and officers liability insurance policy for its directors and officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.</B></TD><TD><B><U>Exemption From Registration Claimed</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 8.</TD><TD STYLE="text-align: justify"><U>Exhibits</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">See the Index to Exhibits attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 9.</TD><TD STYLE="text-align: justify"><U>Undertakings</U></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>The undersigned Registrant hereby undertakes:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD>To include any prospectus required by Section 10(a)(3) of the Securities Act;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD>To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most
recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in this registration statement; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD>To include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to that information in the registration statement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0in"><I>Provided</I>, <I>however</I>,
that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13
or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial <I>bona fide</I> offering thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold
at the termination of the offering.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each
filing of the Registrant&rsquo;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion
of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing
on Form&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Chongqing, China, on May 11, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>DAQO NEW ENERGY CORP.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>By:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Longgen Zhang</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt"><B>Name:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Longgen Zhang</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt"><B>Title:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 10pt">Chief Executive Officer and Director</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_001"></A>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">KNOW ALL PERSONS BY THESE PRESENTS, that
each person whose signature appears below constitutes and appoints, severally and not jointly, Mr. Longgen Zhang with full power
to act alone, as his or her true and lawful attorney-in-fact, with the power of substitution, for and in such person&rsquo;s name,
place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration
Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing
requisite and necessary to be done as fully to all intents and purposes as he or she might or could do in person, hereby ratifying
and confirming all that said attorney-in-fact may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Signature</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Title</TD><TD STYLE="width: 1%; font-size: 10pt; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">Date</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Guangfu Xu</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Chairman of the Board of Directors</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Guangfu Xu</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Xiang Xu</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Xiang Xu</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Dafeng Shi</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Dafeng Shi</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Longgen Zhang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director and Chief Executive Officer</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; text-align: center">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Longgen Zhang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">(principal executive officer)</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Ming Yang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Chief Financial Officer</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; text-align: center">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Ming Yang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">(principal financial and accounting officer)</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Arthur Wong</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Arthur Wong</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Rongling Chen</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Rongling Chen</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; text-decoration: none; border-bottom: Black 1pt solid">/s/ Fumin Zhuo</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; text-align: center">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Fumin Zhuo</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Minsong Liang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Minsong Liang</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Shuming Zhao</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">Director</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt; border-bottom: Black 1pt solid">May 11, 2018</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center; padding-left: 5.4pt">Shuming Zhao</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-left: 5.4pt">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE OF AUTHORIZED REPRESENTATIVE
IN THE UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the Securities Act of 1933,
the undersigned, the duly authorized representative in the United States of Daqo New Energy Corp., has signed this registration
statement in New York on May 11, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Authorized U.S. Representative</B></FONT></TD></TR>
<TR>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0; width: 60%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 35%; padding: 0; text-indent: 0; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Giselle Manon</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Name:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><B>Giselle Manon, on behalf of </B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Law Debenture Corporate Services Inc.</B></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt"><B>Title:</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Service of Process Officer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid; padding: 0; text-align: left; vertical-align: top; text-indent: 0">Exhibit Number</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">Description</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000114420417017843/v460974_ex1-1.htm" STYLE="-sec-extract: exhibit">4.1</A></TD><TD STYLE="width: 1%; font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 89%; font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000114420417017843/v460974_ex1-1.htm" STYLE="-sec-extract: exhibit">Fourth Amended and Restated Memorandum and Articles of Association of the Registrant (incorporated herein by reference to Exhibit 1.1 to the annual report on Form 20-F filed on March 31, 2016 (File No. 001-34602))</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000119312510005138/dex41.htm" STYLE="-sec-extract: exhibit">4.2</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000119312510005138/dex41.htm" STYLE="-sec-extract: exhibit">Registrant&rsquo;s Specimen Certificate for Ordinary Shares (incorporated herein by reference to Exhibit 4.1 to the registration statement on Form F-1, as amended (File No. 333-164307))</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000119312511033893/dex43.htm" STYLE="-sec-extract: exhibit">4.3</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1477641/000119312511033893/dex43.htm" STYLE="-sec-extract: exhibit">Deposit Agreement among the Registrant, JPMorgan Chase Bank, N.A. as depositary, and holders and beneficial owners of American Depositary Shares evidenced by American Depositary Receipts issued thereunder (incorporated herein by reference to Exhibit 4.3 on Form S-8 (File No. 333-172234))</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1474274/000119380516004092/e615479_ex99-a.htm" STYLE="-sec-extract: exhibit">4.4</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="http://www.sec.gov/Archives/edgar/data/1474274/000119380516004092/e615479_ex99-a.htm" STYLE="-sec-extract: exhibit">Amended and Restated Deposit Agreement among the Registrant, JPMorgan Chase Bank, N.A. as depositary, and holders and beneficial owners of American Depositary Shares evidenced by American Depositary Receipts issued thereunder dated October 11, 2016 (incorporated herein by reference to Exhibit&nbsp;(a) to the Post-Effective Amendment No. 2 to Form F-6 Registration Statement filed with the Securities and Exchange Commission on October 11, 2016 (File No. 333-164310))</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="tv493732_ex5-1.htm" STYLE="-sec-extract: exhibit">5.1*</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="tv493732_ex5-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Opinion of Travers Thorp Alberga, Cayman Islands counsel to the Registrant, regarding the legality of the ordinary shares being registered <B><I>&nbsp;</I></B></FONT></A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="tv493732_ex10-1.htm" STYLE="-sec-extract: exhibit">10.1*</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding: 0; text-indent: 0"><A HREF="tv493732_ex10-1.htm" STYLE="-sec-extract: exhibit">2018 Share Incentive Plan</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="tv493732_ex23-1.htm" STYLE="-sec-extract: exhibit">23.1*</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="tv493732_ex23-1.htm" STYLE="-sec-extract: exhibit">Consent of Deloitte Touche Tohmatsu Certified Public Accountants LLP</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="tv493732_ex5-1.htm" STYLE="-sec-extract: exhibit">23.2*</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="tv493732_ex5-1.htm" STYLE="-sec-extract: exhibit">Consent of Travers Thorp Alberga (included in Exhibit 5.1)</A></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0">&nbsp;</TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; vertical-align: top; text-indent: 0"><A HREF="#a_001">24.1*</A></TD><TD STYLE="font-size: 10pt; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; padding: 0; text-indent: 0"><A HREF="#a_001">Power of Attorney (included on signature page hereto)</A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 8; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tv493732_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="image_001.jpg" ALT="" STYLE="width: 154px; height: 103px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 5%; font: bold 10pt Times New Roman, Times, Serif">Office:</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 94%; font: 10pt Times New Roman, Times, Serif">+852 2801 6066</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif">Mobile:</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">+852 6621 8994</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">rthorp@traversthorpalberga.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Daqo New Energy Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">666 Longdu Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Wanzhou, Chongqing 404000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">11 May 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Sirs</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Daqo New Energy Corp. </B>(the &quot;<B>Company</B>&quot;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have examined the Registration Statement
on Form S-8 to be filed by Daqo New Energy Corp., a Cayman Islands exempted company incorporated with limited liability (the &quot;<B>Registrant</B>&quot;),
with the Securities and Exchange Commission (the &quot;<B>Registration Statement</B>&quot;), relating to the registration under
the Securities Act of 1933, as amended, of an amount of ordinary shares of the Registrant (the &quot;<B>Shares</B>&quot;) for issuance
pursuant to the following plan (the &quot;<B>Plan</B>&quot;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">2018
share incentive plan adopted on 19 April 2018 (as currently in effect).</FONT></TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As Cayman Islands counsel to the Registrant,
we have examined the corporate authorisations of the Registrant in connection with the Plan and the issue of the Shares by the
Registrant and have assumed that the Shares will be issued in accordance with the Plan and the resolutions authorizing the issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is our opinion that the Shares to be
issued by the Registrant have been duly and validly authorised, and when issued, sold and paid for in the manner described in the
Plan and in accordance with the relevant resolutions adopted by the Board of Directors of the Registrant (or any committee to whom
the Board of Directors have delegated their powers with respect to administration of the Plan) and when appropriate entries have
been made in the Register of Members of the Registrant, will be legally issued, fully paid and nonassessable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We consent to the use of this opinion as
an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yours faithfully</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>/s/ TRAVERS THORP ALBERGA</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>TRAVERS THORP ALBERGA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><IMG SRC="image_002.jpg" ALT="" STYLE="height: 83px; width: 215px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tv493732_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>DAQO
New energy corp.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2018 SHARE INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURPOSE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The purpose of this
DAQO New Energy Corp. 2018 Share Incentive Plan (the &ldquo;<U>Plan</U>&rdquo;) is to promote the success and enhance the value
of DAQO New Energy Corp., a company formed under the laws of the Cayman Islands (the &ldquo;<U>Company</U>&rdquo;), by linking
the personal interests of the members of the Board, Employees, and Consultants to those of the Company&rsquo;s shareholders and,
by providing such individuals with an incentive for outstanding performance, to generate superior returns to the Company&rsquo;s
shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain
the services of recipients of share incentives hereunder upon whose judgment, interest, and special effort the successful conduct
of the Company&rsquo;s operation is largely dependent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS AND CONSTRUCTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Wherever the following
terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates otherwise. The singular
pronoun shall include the plural where the context so indicates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Applicable
Laws</U>&rdquo; means the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate,
securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange or national
market system, of any jurisdiction applicable to Awards granted to residents therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Award</U>&rdquo;
means an Option, Restricted Share or Restricted Share Unit award granted to a Participant pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Award
Agreement</U>&rdquo; means any written agreement, contract, or other instrument or document evidencing an Award, including through
electronic medium.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Award
Pool</U>&rdquo; shall have the meaning set forth in Section 3.1(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Board</U>&rdquo;
means the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Cause</U>&rdquo;
with respect to a Participant means (unless otherwise expressly provided in the applicable Award Agreement, or another applicable
contract with the Participant that defines such term for purposes of determining the effect that a &ldquo;for cause&rdquo; termination
has on the Participant&rsquo;s Awards) a termination of employment or service based upon a finding by the Service Recipient, acting
in good faith and based on its reasonable belief at the time, that the Participant:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&nbsp;<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>has been negligent in the discharge of his or her duties to the Service Recipient, has refused to perform stated or assigned
duties or is incompetent in or (other than by reason of a disability or analogous condition) incapable of performing those duties;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>has
been dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized
disclosure or use of inside information, customer lists, trade secrets or other confidential information;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>has
breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Service
Recipient; or has been convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic
violations or similar offenses);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>has materially breached any of the provisions of any agreement with the Service Recipient;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>has
engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets
of, the Service Recipient; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>has
improperly induced a vendor or customer to break or terminate any contract with the Service Recipient or induced a principal for
whom the Service Recipient acts as agent to terminate such agency relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Code</U>&rdquo; means the Internal Revenue Code of 1986 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Committee</U>&rdquo; means the Board or a committee of the Board described in ARTICLE 10.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.9<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Consultant</U>&rdquo;
means any consultant or adviser if: (a) the consultant or adviser renders bona fide services to a Service Recipient; (b) the services
rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction
and do not directly or indirectly promote or maintain a market for the Company&rsquo;s securities; and (c) the consultant or adviser
is a natural person who has contracted directly with the Service Recipient to render such services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Corporate Transaction</U>&rdquo;, unless otherwise defined in an Award Agreement, means any of the following transactions,
provided, however, that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination
shall be final, binding and conclusive:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>an amalgamation, arrangement or consolidation or scheme of arrangement (i) in which the Company is not the surviving entity,
except for a transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated or (ii)
following which the holders of the voting securities of the Company do not continue to hold more than 50% of the combined voting
power of the voting securities of the surviving entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
sale, transfer or other disposition of all or substantially all of the assets of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the
complete liquidation or dissolution of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>any reverse takeover or series of related transactions culminating in a reverse takeover (including, but not limited to,
a tender offer followed by a reverse takeover) in which the Company is the surviving entity but (A) the Company&rsquo;s equity
securities outstanding immediately prior to such takeover are converted or exchanged by virtue of the takeover into other property,
whether in the form of securities, cash or otherwise, or (B)&nbsp;in which securities possessing more than fifty percent (50%)
of the total combined voting power of the Company&rsquo;s outstanding securities are transferred to a person or persons different
from those who held such securities immediately prior to such takeover or the initial transaction culminating in such takeover,
but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction;
or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>acquisition in a single or series of related transactions by any person or related group of persons (other than the Company
or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act)
of securities possessing more than fifty percent (50%) of the total combined voting power of the Company&rsquo;s outstanding securities
but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Disability</U>&rdquo;,
unless otherwise defined in an Award Agreement, means that the Participant qualifies to receive long-term disability payments
under the Service Recipient&rsquo;s long-term disability insurance program, as it may be amended from time to time, to which the
Participant provides services regardless of whether the Participant is covered by such policy. If the Service Recipient to which
the Participant provides service does not have a long-term disability plan in place, &ldquo;Disability&rdquo; means that a Participant
is unable to carry out the responsibilities and functions of the position held by the Participant by reason of any medically determinable
physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered
to have incurred a Disability unless he or she furnishes proof of such impairment sufficient to satisfy the Committee in its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Effective Date</U>&rdquo; shall have the meaning set forth in Section 11.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.13<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Employee</U>&rdquo; means any person, including an officer or a member of the Board of the Company or any Parent
or Subsidiary of the Company, who is in the employment of a Service Recipient, subject to the control and direction of the Service
Recipient as to both the work to be performed and the manner and method of performance. The payment of a director&rsquo;s fee by
a Service Recipient shall not be sufficient to constitute &ldquo;employment&rdquo; by the Service Recipient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.14<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Exchange Act</U>&rdquo; means the Securities Exchange Act of 1934 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.15<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Fair Market Value</U>&rdquo; means, as of any date, the value of Shares determined as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Shares are listed on one or more established stock exchanges or national market systems, including without limitation,
The New York Stock Exchange and The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such shares
(or the closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as
determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date,
as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in The Wall Street Journal
or such other source as the Committee deems reliable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Shares are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized
securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities
dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of a Share shall be the mean
between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that
date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as the Committee
deems reliable; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>In the absence of an established market for the Shares of the type described in (a) and (b), above, the Fair Market Value
thereof shall be determined by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest
private placement of the Shares and the development of the Company&rsquo;s business operations and the general economic and market
conditions since such latest private placement, (ii) other third party transactions involving the Shares and the development of
the Company&rsquo;s business operation and the general economic and market conditions since such sale, (iii) an independent valuation
of the Shares, or (iv) such other methodologies or information as the Committee determines to be indicative of Fair Market Value
and relevant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.16<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Incentive Share Option</U>&rdquo; means an Option that is intended to meet the requirements of Section 422 of
the Code or any successor provision thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.17<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Independent
Director</U>&rdquo; means (i) if the Shares or other securities representing the Shares are not listed on a stock exchange, a
member of the Board who is a Non-Employee Director; and (ii) if the Shares or other securities representing the Shares are listed
on a stock exchange, a member of the Board who meets the independence standards under the applicable corporate governance rules
of the stock exchange.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.18<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&ldquo;<U>Non-Employee
Director</U>&rdquo; means a member of the Board who qualifies as a &ldquo;Non-Employee Director&rdquo; as defined in Rule 16b-3(b)(3)
of the Exchange Act, or any successor definition adopted by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.19<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Non-Qualified Share Option</U>&rdquo; means an Option that is not intended to be an Incentive Share Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.20<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Option</U>&rdquo; means a right granted to a Participant pursuant to ARTICLE 5 of the Plan to purchase a specified
number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified
Share Option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.21<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Participant</U>&rdquo; means a person who, as a member of the Board, Consultant or Employee, has been granted
an Award pursuant to the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.22<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Parent</U>&rdquo; means a parent corporation under Section 424(e) of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.23<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Plan</U>&rdquo; means this DAQO New Energy Corp. 2018 Share Incentive Plan, as it may be amended from time to
time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.24<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Related Entity</U>&rdquo; means any business, corporation, partnership, limited liability company or other entity
in which the Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, but
which is not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.25<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Restricted Share</U>&rdquo; means a Share awarded to a Participant pursuant to ARTICLE 6 that is subject to certain
restrictions and may be subject to risk of forfeiture.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.26<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Restricted Share Unit</U>&rdquo; means the right granted to a Participant pursuant to ARTICLE 7 to receive a Share
at a future date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.27<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Securities Act</U>&rdquo; means the Securities Act of 1933 of the United States, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.28<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Service Recipient</U>&rdquo; means the Company, any Parent or Subsidiary of the Company and any Related Entity
to which a Participant provides services as an Employee, a Consultant, or a Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.29<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Share</U>&rdquo; means ordinary shares of the Company, par value US$0.0001 per share, and such other securities
of the Company that may be substituted for Shares pursuant to ARTICLE 9.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.30<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Subsidiary</U>&rdquo; means any corporation or other entity of which a majority of the outstanding voting shares
or voting power is beneficially owned or controlled directly or indirectly by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.31<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>&ldquo;<U>Trading Date</U>&rdquo; means the closing of the first sale to the general public of the Shares pursuant to a
registration statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SHARES SUBJECT TO THE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Number of Shares</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Subject to the provisions of ARTICLE 9 and Section 3.1(b), the maximum aggregate number of Shares which may be issued pursuant
to all Awards (including Incentive Share Options) under the Plan (the &ldquo;Award Pool&rdquo;) shall be 38,600,000 Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>To the extent that an Award terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be
available for the grant of an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption
of, or in substitution for, any outstanding awards of any entity acquired in any form or combination by the Company or any Parent
or Subsidiary of the Company shall not be counted against Shares available for grant pursuant to the Plan. Shares delivered by
the Participant or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof
or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a).
If any Restricted Shares are forfeited by the Participant or repurchased by the Company, such Shares may again be optioned, granted
or awarded hereunder, subject to the limitations of Section 3.1(a). Notwithstanding the provisions of this Section 3.1(b), no Shares
may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an Incentive
Share Option under Section 422 of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Shares Distributed</U>. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and
unissued Shares, treasury shares (subject to Applicable Laws) or Shares purchased on the open market. Additionally, in the discretion
of the Committee, American Depository Shares in an amount equal to the number of Shares which otherwise would be distributed pursuant
to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American
Depository Share is other than on a one-to-one basis, the limitations of Section 3.1 shall be adjusted to reflect the distribution
of American Depository Shares in lieu of Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 4&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ELIGIBILITY AND PARTICIPATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Eligibility</U>. Those eligible to participate in this Plan include Employees, Consultants, and all members of the Board,
and other individuals, as determined, authorized and approved by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Participation</U>. Subject to the provisions of the Plan, the Committee may, from time to time, select from among all
eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual
shall have any right to be granted an Award pursuant to this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Jurisdictions</U>. In order to assure the viability of Awards granted to Participants in various jurisdictions, the Committee
may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy,
or custom applicable in the jurisdiction in which the Participant resides, is employed, operates or is incorporated. Moreover,
the Committee may approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider
necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose;
<I>provided, however</I>, that no such supplements, amendments, restatements, or alternative versions shall increase the share
limitations contained in Section 3.1 of the Plan. Notwithstanding the foregoing, the Committee may not take any actions hereunder,
and no Awards shall be granted, that would violate any Applicable Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 5</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OPTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>General</U>. The Committee is authorized to grant Options to Participants on the following terms and conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exercise Price</U>. The exercise price per Share subject to an Option shall be determined by the Committee and set forth
in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. The exercise price
per Share subject to an Option may be amended or adjusted in the absolute discretion of the Committee, the determination of which
shall be final, binding and conclusive. For the avoidance of doubt, to the extent not prohibited by Applicable Laws or any exchange
rule, a downward adjustment of the exercise prices of Options mentioned in the preceding sentence shall be effective without the
approval of the Company&rsquo;s shareholders or the approval of the affected Participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Time and Conditions of Exercise</U>. The Committee shall determine the time or times at which an Option may be exercised
in whole or in part, including exercise prior to vesting; <I>provided</I> that the term of any Option granted under the Plan shall
not exceed fifteen years, except as provided in Section 12.1. The Committee shall also determine any conditions, if any, that must
be satisfied before all or part of an Option may be exercised.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Payment</U>. The Committee shall determine the methods by which the exercise price of an Option may be paid, the form
of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) to the extent permissible under the
Applicable Laws, cash or check in Chinese Renminbi, (iii) cash or check denominated in any other local currency as approved by
the Committee, (iv) Shares held for such period of time as may be required by the Committee in order to avoid adverse financial
accounting consequences and having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option
or exercised portion thereof, (v) after the Trading Date the delivery of a notice that the Participant has placed a market sell
order with a broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to
pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; <I>provided</I>
that payment of such proceeds is then made to the Company upon settlement of such sale, (vi) other property acceptable to the Committee
with a Fair Market Value equal to the exercise price, or (vii) any combination of the foregoing. Notwithstanding any other provision
of the Plan to the contrary, no Participant who is a member of the Board or an &ldquo;executive officer&rdquo; of the Company within
the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which
would violate Section 13(k) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Evidence of Grant</U>. All Options shall be evidenced by an Award Agreement between the Company and the Participant.
The Award Agreement shall include such additional provisions as may be specified by the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effects of Termination of Employment or Service on Options</U>. Termination of employment or service shall have the following
effects on Options granted to the Participants:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Dismissal for Cause</U>. Unless otherwise provided in the Award Agreement or determined by the Committee, if a Participant&rsquo;s
employment by or service to the Service Recipient is terminated by the Service Recipient for Cause, the Participant&rsquo;s Options
will terminate upon such termination, whether or not the Option is then vested and/or exercisable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Death or Disability</U>. Unless otherwise provided in the Award Agreement, if a Participant&rsquo;s employment by or
service to the Service Recipient terminates as a result of the Participant&rsquo;s death or Disability:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>the Participant (or his or her legal representative or beneficiary, in the case of the Participant&rsquo;s Disability or death,
respectively), will have until the date that is 12 months after the Participant&rsquo;s termination of Employment to exercise the
Participant&rsquo;s Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of the
Participant&rsquo;s termination of Employment on account of death or Disability;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>the Options, to the extent not vested and exercisable on the date of the Participant&rsquo;s termination of Employment or service,
shall terminate upon the Participant&rsquo;s termination of Employment or service on account of death or Disability; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>the Options, to the extent exercisable for the 12-month period following the Participant&rsquo;s termination of Employment
or service and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Other Terminations of Employment or Service</U>. Unless otherwise provided in the Award Agreement, if a Participant&rsquo;s
employment by or service to the Service Recipient terminates for any reason other than a termination by the Service Recipient for
Cause or because of the Participant&rsquo;s death or Disability:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>the Participant will have until the date that is 90 days after the Participant&rsquo;s termination of Employment or service
to exercise his or her Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of
the Participant&rsquo;s termination of Employment or service;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>the Options, to the extent not vested and exercisable on the date of the Participant&rsquo;s termination of Employment or service,
shall terminate upon the Participant&rsquo;s termination of Employment or service; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD>the Options, to the extent exercisable for the 90-day period following the Participant&rsquo;s termination of Employment or
service and not exercised during such period, shall terminate at the close of business on the last day of the 90-day period.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Incentive Share Options</U>. Incentive Share Options may be granted to Employees of the Company, a Parent or Subsidiary
of the Company. Incentive Share Options may not be granted to Employees of a Related Entity or to Independent Directors or Consultants.
The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of Section 5.1, must comply
with the following additional provisions of this Section 5.2:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Expiration of Option</U>. An Incentive Share Option may not be exercised to any extent by anyone after the first to occur
of the following events:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Fifteen years from the date it is granted, unless an earlier time is set in the Award Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Three months after the Participant&rsquo;s termination of employment as an Employee; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>One year after the date of the Participant&rsquo;s termination of employment or service on account of Disability or death.
Upon the Participant&rsquo;s Disability or death, any Incentive Share Options exercisable at the Participant&rsquo;s Disability
or death may be exercised by the Participant&rsquo;s legal representative or representatives, by the person or persons entitled
to do so pursuant to the Participant&rsquo;s last will and testament, or, if the Participant fails to make testamentary disposition
of such Incentive Share Option or dies intestate, by the person or persons entitled to receive the Incentive Share Option pursuant
to the applicable laws of descent and distribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Individual Dollar Limitation</U>. The aggregate Fair Market Value (determined as of the time the Option is granted) of
all Shares with respect to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed
$100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the extent that Incentive
Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified
Share Options.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Exercise Price</U>. The exercise price of an Incentive Share Option shall be equal to the Fair Market Value on the date
of grant. However, the exercise price of any Incentive Share Option granted to any individual who, at the date of grant, owns Shares
possessing more than ten percent of the total combined voting power of all classes of shares of the Company may not be less than
110% of Fair Market Value on the date of grant and such Option may not be exercisable for more than five years from the date of
grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Transfer
Restriction</U>. The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise of an
Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer
of such Shares to the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Expiration of Incentive Share Options</U>. No Award of an Incentive Share Option may be made pursuant to this Plan after
the fifteenth anniversary of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Right
to Exercise</U>. During a Participant&rsquo;s lifetime, an Incentive Share Option may be exercised only by the Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 6</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED SHARES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grant of Restricted Shares</U>. The Committee, at any time and from time to time, may grant Restricted Shares to Participants
as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of
Restricted Shares to be granted to each Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restricted Shares Award Agreement</U>. Each Award of Restricted Shares shall be evidenced by an Award Agreement that
shall specify the period of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee,
in its sole discretion, shall determine. Unless the Committee determines otherwise, Restricted Shares shall be held by the Company
as escrow agent until the restrictions on such Restricted Shares have lapsed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Issuance and Restrictions</U>. Restricted Shares shall be subject to such restrictions on transferability and other restrictions
as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to
receive dividends on Restricted Shares). These restrictions may lapse separately or in combination at such times, pursuant to such
circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Forfeiture/Repurchase</U>. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter,
upon termination of employment or service during the applicable restriction period, Restricted Shares that are at that time subject
to restrictions shall be forfeited or repurchased in accordance with the Award Agreement; <I>provided, however</I>, the Committee
may (a) provide in any Restricted Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted
Shares will be waived in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases
waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Certificates for Restricted Shares</U>. Restricted Shares granted pursuant to the Plan may be evidenced in such manner
as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the Participant,
certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted
Shares, and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable
restrictions lapse.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Removal of Restrictions</U>. Except as otherwise provided in this ARTICLE 6, Restricted Shares granted under the Plan
shall be released from escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion,
may accelerate the time at which any restrictions shall lapse or be removed. After the restrictions have lapsed, the Participant
shall be entitled to have any legend or legends under Section 6.5 removed from his or her Share certificate, and the Shares shall
be freely transferable by the Participant, subject to applicable legal restrictions. The Committee (in its discretion) may establish
procedures regarding the release of Shares from escrow and the removal of legends, as necessary or appropriate to minimize administrative
burdens on the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 7&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED SHARE UNITS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Grant of Restricted Share Units</U>. The Committee, at any time and from time to time, may grant Restricted Share Units
to Participants as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine
the number of Restricted Share Units to be granted to each Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restricted Share Units Award Agreement</U>. Each Award of Restricted Share Units shall be evidenced by an Award Agreement
that shall specify any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as
the Committee, in its sole discretion, shall determine.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Performance Objectives and Other Terms</U>. The Committee, in its discretion, may set performance objectives or other
vesting criteria which, depending on the extent to which they are met, will determine the number or value of Restricted Share Units
that will be paid out to the Participants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Form and Timing of Payment of Restricted Share Units</U>. At the time of grant, the Committee shall specify the date
or dates on which the Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its
sole discretion, may pay Restricted Share Units in the form of cash, in Shares or in a combination thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Forfeiture/Repurchase</U>. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter,
upon termination of employment or service during the applicable restriction period, Restricted Share Units that are at that time
unvested shall be forfeited or repurchased in accordance with the Award Agreement; <I>provided, however</I>, the Committee may
(a) provide in any Restricted Share Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to
Restricted Share Units will be waived in whole or in part in the event of terminations resulting from specified causes, and (b)
in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Share Units.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROVISIONS APPLICABLE TO AWARDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Award Agreement</U>. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions
and limitations for each Award which may include the term of an Award, the provisions applicable in the event the Participant&rsquo;s
employment or service terminates, and the Company&rsquo;s authority to unilaterally or bilaterally amend, modify, suspend, cancel
or rescind an Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Limits on Transfer. </U>No right or interest of a Participant in any Award may be pledged, encumbered, or hypothecated
to or in favor of any party other than the Company or a Subsidiary, or shall be subject to any lien, obligation, or liability of
such Participant to any other party other than the Company or a Subsidiary. Except as otherwise provided by the Committee, no Award
shall be assigned, transferred, or otherwise disposed of by a Participant other than by will or the laws of descent and distribution.
The Committee by express provision in the Award or an amendment thereto may permit an Award (other than an Incentive Share Option)
to be transferred to, exercised by and paid to certain persons or entities related to the Participant, including but not limited
to members of the Participant&rsquo;s family, charitable institutions, or trusts or other entities whose beneficiaries or beneficial
owners are members of the Participant&rsquo;s family and/or charitable institutions, or to such other persons or entities as may
be expressly approved by the Committee, pursuant to such conditions and procedures as the Committee may establish. Any permitted
transfer shall be subject to the condition that the Committee receive evidence satisfactory to it that the transfer is being made
for estate and/or tax planning purposes (or to a &ldquo;blind trust&rdquo; in connection with the Participant&rsquo;s termination
of employment or service with the Company or a Subsidiary to assume a position with a governmental, charitable, educational or
similar non-profit institution) and on a basis consistent with the Company&rsquo;s lawful issue of securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Beneficiaries</U>. Notwithstanding Section 8.2, a Participant may, in the manner determined by the Committee, designate
a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant&rsquo;s
death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject
to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and
Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the
Participant is married and resides in a community property state, a designation of a person other than the Participant&rsquo;s
spouse as his or her beneficiary with respect to more than 50% of the Participant&rsquo;s interest in the Award shall not be effective
without the prior written consent of the Participant&rsquo;s spouse. If no beneficiary has been designated or survives the Participant,
payment shall be made to the person entitled thereto pursuant to the Participant&rsquo;s will or the laws of descent and distribution.
Subject to the foregoing, a beneficiary designation may be changed or revoked by a Participant at any time provided the change
or revocation is filed with the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Share Certificates</U>. Notwithstanding anything herein to the contrary, the Company shall not be required to issue or
deliver any certificates evidencing the Shares pursuant to the exercise of any Award, unless and until the Committee has determined,
with advice of counsel, that the issuance and delivery of such certificates is in compliance with all Applicable Laws, regulations
of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All
Share certificates delivered pursuant to the Plan are subject to any stop-transfer orders and other restrictions as the Committee
deems necessary or advisable to comply with all Applicable Laws, and the rules of any national securities exchange or automated
quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any Share certificate to
reference restrictions applicable to the Shares. In addition to the terms and conditions provided herein, the Committee may require
that a Participant make such reasonable covenants, agreements, and representations as the Committee, in its discretion, deems advisable
in order to comply with any such laws, regulations, or requirements. The Committee shall have the right to require any Participant
to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period
limitation, as may be imposed in the discretion of the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Paperless Administration</U>. Subject to Applicable Laws, the Committee may make Awards, provide applicable disclosure
and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration
of Awards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Foreign Currency</U>. A Participant may be required to provide evidence that any currency used to pay the exercise price
of any Award were acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws,
including foreign exchange control laws and regulations. In the event the exercise price for an Award is paid in Chinese Renminbi
or other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars
at the official rate promulgated by the People&rsquo;s Bank of China for Chinese Renminbi, or, for jurisdictions other than the
Peoples Republic of China, the exchange rate as selected by the Committee on the date of exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 9</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>changes
in capital structure</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Adjustments</U>. In the event of any dividend, share split, combination or exchange of Shares, amalgamation, arrangement
or consolidation, spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its
shareholders, or any other change affecting the shares of Shares or the share price of a Share, the Committee shall make such proportionate
adjustments, if any, as the Committee in its discretion may deem appropriate to reflect such change with respect to (a) the aggregate
number and type of shares that may be issued under the Plan (including, but not limited to, adjustments of the limitations in Section
3.1); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets
or criteria with respect thereto); and (c) the grant or exercise price per share for any outstanding Awards under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Corporate Transactions</U>. Except as may otherwise be provided in any Award Agreement or any other written agreement
entered into by and between the Company and a Participant, if a Corporate Transaction occurs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Committee upon, or in anticipation of, a Corporate Transaction, may in its sole discretion provide for (i) any and all
Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise
such Awards during a period of time as the Committee shall determine, (ii) either the purchase of any Award for an amount of cash
equal to the amount that could have been attained upon the exercise of such Award or realization of the Participant&rsquo;s rights
had such Award been currently exercisable or payable or fully vested (and, for the avoidance of doubt, if as of such date the Committee
determines in good faith that no amount would have been attained upon the exercise of such Award or realization of the Participant&rsquo;s
rights, then such Award may be terminated by the Company without payment), (iii) the replacement of such Award with other rights
or property selected by the Committee in its sole discretion, the assumption of or substitution of such Award by the successor
or surviving corporation, or a Parent or Subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and
prices, or (iv) provide for payment of Awards in cash based on the value of Shares on the date of the Corporate Transaction plus
reasonable interest on the Award through the date such Award would otherwise be vested or have been paid in accordance with its
original terms, if necessary to comply with Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If a Participant&rsquo;s Awards are not converted, assumed, or replaced by a successor, as described in (c) below, such
Awards shall become fully exercisable and all forfeiture restrictions on such Awards shall lapse immediately prior to the specified
effective date of such Corporate Transaction, provided that the Participant remains an Employee, Consultant or Director on the
effective date of the Corporate Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If the Award either is (i)&nbsp;assumed by the successor entity or Parent thereof or replaced with a comparable Award (as
determined by the Committee) with respect to shares of the capital stock of the successor entity or Parent thereof or (ii)&nbsp;replaced
with a cash incentive program of the successor entity which preserves the compensation element of such Award existing at the time
of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable to such
Award, then such Award (if assumed), the replacement Award (if replaced), or the cash incentive program automatically shall become
fully vested, exercisable and payable and be released from any restrictions on transfer (other than transfer restrictions applicable
to Options) and repurchase or forfeiture rights, immediately upon termination of the Participant&rsquo;s employment or service
with all Service Recipient within twelve (12) months of the Corporate Transaction without cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Outstanding Awards &ndash; Other Changes</U>. In the event of any other change in the capitalization of the Company or
corporate change other than those specifically referred to in this ARTICLE 9, the Committee may, in its absolute discretion, make
such adjustments in the number and class of shares subject to Awards outstanding on the date on which such change occurs and in
the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement
of rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Other Rights</U>. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any
subdivision or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares
of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly
provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class,
or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with respect
to, the number of shares subject to an Award or the grant or exercise price of any Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 10</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ADMINISTRATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Committee</U>. The Plan shall be administered by the Board or a committee of one or more members of the Board to whom
the Board shall delegate the authority to grant or amend Awards to Participants other than any of the Committee members. Any grant
or amendment of Awards to any Committee member shall then require an affirmative vote of a majority of the Board members who are
not on the Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Action by the Committee</U>. A majority of the Committee shall constitute a quorum. The acts of a majority of the members
of the Committee present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee
in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely
or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary,
the Company&rsquo;s independent certified public accountants, or any executive compensation consultant or other professional retained
by the Company to assist in the administration of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Authority of the Committee</U>. Subject to any specific designation in the Plan, the Committee has the exclusive power,
authority and discretion to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>designate Participants to receive Awards;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>determine the type or types of Awards to be granted to each Participant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(c)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>determine the number of Awards to be granted and the number of Shares to which an Award will relate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(d)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise
price, grant price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions
or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to non-competition
and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(e)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price
of an Award may be paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt"></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(f)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>prescribe the form of each Award Agreement, which need not be identical for each Participant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(g)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>decide all other matters that must be determined in connection with an Award;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(h)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer the Plan;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(i)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">(j)<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary
or advisable to administer the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 63pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Decisions Binding</U>. The Committee&rsquo;s interpretation of the Plan, any Awards granted pursuant to the Plan, any
Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive
on all parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 11</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EFFECTIVE AND EXPIRATION DATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Effective Date</U>. This Plan shall become effective on the date on which the Plan is approved by the Board (the &ldquo;<U>Effective
Date</U>&rdquo;), provided that the Plan is approved by the shareholders of the Company within twelve (12) months after the Effective
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Expiration Date</U>. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the fifteenth anniversary
of the Effective Date. Any Awards that are outstanding on the fifteenth anniversary of the Effective Date shall remain in force
according to the terms of the Plan and the applicable Award Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 12</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDMENT, MODIFICATION, AND TERMINATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment, Modification, And Termination</U>. At any time and from time to time, the Board or the Committee may terminate,
amend or modify the Plan; <I>provided, however</I>, that to the extent necessary to comply with Applicable Laws, the Company shall
obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required, including (a) to increase
the number of Shares available under the Plan (other than any adjustment as provided by ARTICLE 9), or (b) to permit the Committee
to extend the term of the Plan or the exercise period for an Option beyond fifteen years from the date of grant; <I>provided, further</I>,
that to the extent permissible under the Applicable Laws, the Board may decide to follow home country practice not to seek shareholder
approval for any amendment or modification of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE 13</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GENERAL PROVISIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Rights to Awards</U>. No Participant, employee, or other person shall have any claim to be granted any Award pursuant
to the Plan, and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Shareholders Rights</U>. No Award gives the Participant any of the rights of a Shareholder of the Company unless and
until Shares are in fact issued to such Participant in connection with such Award.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.3<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Taxes</U>. No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements
acceptable to the Committee for the satisfaction of any income and employment tax withholding obligations under Applicable Laws.
The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to
the Company, an amount sufficient to satisfy all applicable taxes (including the Participant&rsquo;s payroll tax obligations) required
or permitted by Applicable Laws to be withheld with respect to any taxable event concerning a Participant arising as a result of
this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to
have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a Fair Market Value equal
to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares which may be withheld
with respect to the issuance, vesting, exercise or payment of any Award (or which may be repurchased from the Participant of such
Award after such Shares were acquired by the Participant from the Company) in order to satisfy any income and payroll tax liabilities
applicable to the Participant with respect to the issuance, vesting, exercise or payment of the Award shall, unless specifically
approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase
equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for the applicable income and
payroll tax purposes that are applicable to such supplemental taxable income.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.4<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Right to Employment or Services</U>. Nothing in the Plan or any Award Agreement shall interfere with or limit in any
way the right of the Service Recipient to terminate any Participant&rsquo;s employment or services at any time, nor confer upon
any Participant any right to continue in the employment or services of any Service Recipient.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.5<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;</FONT><U>Unfunded Status of Awards</U>. The Plan is intended to be an &ldquo;unfunded&rdquo; plan for incentive compensation.
With respect to any payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement
shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.6<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification</U>. To the extent allowable pursuant to Applicable Laws, each member of the Committee or of the Board
shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably
incurred by such member in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a
party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from
any and all amounts paid by him or her in satisfaction of judgment in such action, suit, or proceeding against him or her; <I>provided</I>
he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle
and defend it on his or her own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification
to which such persons may be entitled pursuant to the Company&rsquo;s Memorandum of Association and Articles of Association, as
a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.7<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Relationship to other Benefits</U>. No payment pursuant to the Plan shall be taken into account in determining any benefits
pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or
any Subsidiary except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.8<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Expenses</U>. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.9<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Titles and Headings</U>. The titles and headings of the Sections in the Plan are for convenience of reference only and,
in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.10<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;Fractional Shares</U>. No fractional Shares shall be issued and the Committee shall determine, in its discretion, whether
cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down as
appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.11<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;Limitations Applicable to Section 16 Persons</U>. Notwithstanding any other provision of the Plan, the Plan and any Award
granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to any additional
limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3
of the Exchange Act) that is a requirement for the application of such exemptive rule. To the extent permitted by the Applicable
Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.12<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;Government and Other Regulations</U>. The obligation of the Company to make payment of awards in Shares or otherwise
shall be subject to all Applicable Laws, and to such approvals by government agencies as may be required. The Company shall be
under no obligation to register any of the Shares paid pursuant to the Plan under the Securities Act or any other similar law in
any applicable jurisdiction. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant
to the Securities Act or other Applicable Laws, the Company may restrict the transfer of such Shares in such manner as it deems
advisable to ensure the availability of any such exemption.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.13<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT><U>&nbsp;&nbsp;&nbsp;&nbsp;Governing Law</U>. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of
the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.14<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;
</FONT>&nbsp;&nbsp;&nbsp;&nbsp;<U>Section 409A</U>. To the extent that the Committee determines that any Award granted under the Plan is or may become
subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required
by Section 409A of the Code. To the extent applicable, the Plan and the Award Agreements shall be interpreted in accordance with
Section 409A of the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder, including
without limitation any such regulation or other guidance that may be issued after the Effective Date. Notwithstanding any provision
of the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject
to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may
be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award agreement or
adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or
preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of
Section 409A of the Code and related U.S. Department of Treasury guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">13.15<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Appendices</U>. The Committee may approve such supplements, amendments or appendices to the Plan as it may consider necessary
or appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall
be considered a part of the Plan; provided, however, that no such supplements shall increase the share limitation contained in
Section 3.1 of the Plan without the approval of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 17; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>tv493732_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 23.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We consent to the incorporation by reference in this Registration
Statement on Form S-8 of our reports dated March 16, 2018, relating to the financial statements of Daqo New Energy Corp. and its
subsidiaries (the &quot;Group&quot;) and the effectiveness of the Group's internal control over financial reporting, appearing
in the Annual Report on Form 20-F of the Group for the year ended December 31, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>/s/ Deloitte Touche Tohmatsu Certified Public Accountants
LLP</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Deloitte Touche Tohmatsu Certified Public Accountants
LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shanghai, China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 11, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>image_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" (= XH# 2(  A$! Q$!_\0
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M)/3K6)=Z]%!(JGS^1GC'^-="HPH^E>?ZI_KT_P!W^M;8B<H15C.C%2>IL?\
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MJQ]$L#9>9F0/N51TQTK8KMI7Y5S;G-.W-H8%YKD4&S/G\Y^[C_&JO_"20_\
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M,_;%_P"_?_UZA1K2U7]?B-RIK0I1:Y(H&^:Y/K\W_P!>M*T\2VZ "47#'![
M_P!:S[GP^UN&/VD-MQ_!_P#7K*GA\ERN[./:CVE6GN/DISV.^M=2AN\>6L@R
MN[Y@/\:N#D9KS)793PQ_.NXT9RUK #G_ %0_I731KN;LT85:7+JC5HHHKJ,
MHHHH **** "BBB@#&\0_ZA/]U_Y"N)KMO$/^H3_=?^0KB:\W%?&=M#X0KI_"
M_P#J3_UU/\A7,5T_A?\ U)_ZZG^0J,/_ !$56^ ZBN.^*G_)-M8_W8O_ $:E
M=C7'?%3_ ))MK'^[%_Z-2O:H_P 2/JCS*O\ #EZ'S)1117T!X84444 %?4G@
M_P"Y/_N)_6OENOJ3P?\ <G_W$_K7#C_@1W8'=G44445Y!Z04444 %&!Z444
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MZK59VCW N+9VRO#X^4^PK1KT8.\4SCDK,****HD**** "BBB@ HHHH ****
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M?]M_UU7^8KTBL<'LS3$[H****[3F"BBB@ HHHH X/6?^/VX_Z[-_,U:\)_\
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MO$<<>E>6XN52R.U-*%V9WV^Y_P">G_CHH^WW/_/3_P =%=E_PCNE_P#/L?\
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MM\N/J*Z>J>EPFWT^.-LY&>HQW-7*]:E#E@D<%27-(****T("BBB@ KS[5/\
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M_P!&I7M4?XD?5'F5?X<O0^9****^@/#"BBB@ KZD\'_<G_W$_K7RW7U)X/\
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MK)_UQ/\ -:\R/\=>O^9W2_A'94445Z9PA1110 4444 %%%% !1110!D>(O\
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M5T_A?_4G_KJ?Y"N8KI_"_P#J3_UU/\A48?\ B(JM\!U%<=\5/^2;:Q_NQ?\
MHU*[&N.^*G_)-M8_W8O_ $:E>U1_B1]4>95_AR]#YDHHHKZ \,**** "OJ3P
M?]R?_<3^M?+=?4G@_P"Y/_N)_6N''_ CNP.[.HHHHKR#T@HHHH **** "BBB
M@ HHHH *YGQ?]VS^K_TKIJYGQ?\ =L_J_P#2L,3_  F:T?C1SME_Q_VW_75?
MYBO2*\WLO^/^V_ZZK_,5Z16.#V9IB=T%%%%=IS!1110 4444 <'K/_'[<?\
M79OYFK7A/_D*R?\ 7$_S6JNL_P#'[<?]=F_F:M>$_P#D*R?]<3_-:\R/\=>O
M^9W2_A'94445Z9PA1110 4444 %%%% !1110!D>(O^0<O_74?R-<3)_K&^IK
MMO$7_(.7_KJ/Y&N)D_UC?4UYV+^,[,/\)Z5%_J4_W13Z9%_J4_W13Z]!;'&8
M'B:Y^SBUY8;MWW?PKDHEWS(OJP'-:^OR;_L_MN_I6=8)NOK?G_EJO\Q7F5GS
M5#NIKE@=CH5L(+212JY,F>!["M6FJNT8IU>E"/+%(XI.[N%%%%4(**** "BB
MB@ HHHH **** "H;J/S;29,#+(PY^E344FKH#SK48#;7CQ';P!]WITJ[H-P4
MU.WC+-MRW&>.AJ3Q''_Q-)GS_"O'X"L[3FV:A$WH3_(UY?P5=.YW_% ]$5@R
MY%+5;3WWV2-C&<_SJS7J)W5SA:LSSS5?^0M=_P#75OYUH^%/^0K)_P!<3_,5
MG:K_ ,A:[_ZZM_.M'PI_R%9/^N)_F*\RG_&7K_F=T_X7R.RHHHKU#@"BBB@
MIDKB.)W.<*I)Q4%W>"U!)3=A=W7%<QJFMBY)40LNZ/;]_P"OM652M&"-(4W(
MJ:U=_:-0D9"X0A>#]*ATJ$S:E"@QR3U^AJK&AEE"9QGO77:%IOEPPW'F X+<
M;?J*X*<75J7.J;4(V->SB\BV6,XXSTZ=:GHHKTTK*QPMW"N#UG_C]N/^NS?S
M-=Y7!ZS_ ,?MQ_UV;^9KFQ?PHZ,/\3)_#W^LG^B_UKM!T%<7X>_UD_T7^M=H
M.@HPOP"K_$+111748!110>!F@ K#\07BK8W%O\^_"\]NH-2ZKJ@MHI8_*)(
MYW8KCKNY-U<-+@J#CC.:Y,1627*CHHTFW=D/+'D\UV?AR KIT,WR\AA[_>-<
MUI-M]HOX5W ;L]L]C7<V</V>U2+.=N><8[UGA(:\S+Q$M.4GHHHKO.0****
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M_P!=F_F:KZ?8F_N&B#E2%W9"Y[C_ !KR97]I[NYZ"MR:FE_PD0_Y]C_WW_\
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M9'*W=W84444Q!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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MO^NJ_P Q7I%8X/9FF)W04445VG,%%%% !1110!P>L_\ '[<?]=F_F:M>$_\
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@#&\0_ZA/\ =?\ D*XFNV\0_P"H3_=?^0KB:\W%?&=M#X0KI_"_
M^I/_ %U/\A7,5T_A?_4G_KJ?Y"HP_P#$15;X#J*X[XJ?\DVUC_=B_P#1J5V-
M<=\5/^2;:Q_NQ?\ HU*]JC_$CZH\RK_#EZ'S)1117T!X84444 %?4G@_[D_^
MXG]:^6Z^I/!_W)_]Q/ZUPX_X$=V!W9U%%%%>0>D%%%% !1110 4444 %%%%
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M&Y2-))PTS$\;2/Z5K AAD=*\WM[F6VE62)]K+T. :W]/\0$&,75S@<[OW?\
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MD*YBNG\+_P"I/_74_P A48?^(BJWP'45QWQ4_P"2;:Q_NQ?^C4KL:X[XJ?\
M)-M8_P!V+_T:E>U1_B1]4>95_AR]#YDHHHKZ \,**** "OJ3P?\ <G_W$_K7
MRW7U)X/^Y/\ [B?UKAQ_P([L#NSJ****\@](**** "BBB@ HHHH **** "N9
M\7_=L_J_]*Z:LK6M,DU$0B/R_DW9WGUQ_A65>+E3:1I2:4TV<99?\?\ ;?\
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MT7^M=H.@K$TW19K-I"_E?,!C:?\ ZU;@Z5OAX.,;,RK24I704445N9!1110
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M@._.-W;ZUT-=E*4I1O(YZB2=D8UQXELK:XD@>.<M&Q4D*,9'XU'_ ,)98?\
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MBQSCI7,\5-[&ZH16YO2>(XV0A3<@]CQ_C4']O-_SUN/^^O\ Z]58M(:5POG
M9_V:L'P^P'_'R/\ OC_Z]+FK,=J:+$?B)%4!FN"?K_\ 7JW!XHM5P'6X/X#_
M !K$DTAHV(\X''^S52>W,.?FSSZ4O:U8A[.G([2'7K6;&V.89&>0/\:T(IEF
M4%01D9YKS4$CH33XYG1L[FZ>M:1Q;ZHEX==#TNBN-L=?%JNUH&?@#[__ -:N
MFLKX7F[$93:!WS753K1GL83IRCN7****U,PHHHH **** "J>I7BV5J)7WXW
M?+UJY7'^);K==2V^T_*RG.?]G_Z]95I\D+FE./-*Q?M=?AEN&7]_T/7'^-;T
M3B2)'&<, 1FO- =IR*[O1[OS;.WBV$%85YS["L,/6<G:1I6IJ*NC3HHHKL.<
M**** "BBB@ HHHH QO$/^H3_ '7_ )"N)KMO$/\ J$_W7_D*XFO-Q7QG;0^$
M*Z?PO_J3_P!=3_(5S%=/X7_U)_ZZG^0J,/\ Q$56^ ZBN.^*G_)-M8_W8O\
MT:E=C7'?%3_DFVL?[L7_ *-2O:H_Q(^J/,J_PY>A\R4445] >&%%%% !7U)X
M/^Y/_N)_6OENOJ3P?]R?_<3^M<./^!'=@=V=11117D'I!1110 4444 %%%%
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MOW1]*6D7[H^E+7J'"%%%% !1110 4444 %>=ZG_R%;O_ *[/_,UZ)7G>I_\
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M1117J' %%%% !1110!S7B&+/VB3GHO\ 2N9A_P!<M=/XAGP+B+Y?NK]>U<Q
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MM=8.1FO-8IG@9L*,G@YKT.UG69.&4X ^Z:6%J7CR]AUX6=R>BBBNLYPHHHH
M**** ,;Q#_J$_P!U_P"0KB:[;Q#_ *A/]U_Y"N)KS<5\9VT/A"NG\+_ZD_\
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MPHHHK<R"BBB@ HHHH **** //-5_Y"UW_P!=6_G6CX4_Y"LG_7$_S%9VJ_\
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M">.9?D;=@#/%2UZB=SA"BBB@ HHHH QO$/\ J$_W7_D*XFNV\0_ZA/\ =?\
MD*XFO-Q7QG;0^$*Z?PO_ *D_]=3_ "%<Q73^%_\ 4G_KJ?Y"HP_\1%5O@.HK
MCOBI_P DVUC_ '8O_1J5V-<=\5/^2;:Q_NQ?^C4KVJ/\2/JCS*O\.7H?,E%%
M%?0'AA1110 5]2>#_N3_ .XG]:^6Z^I/!_W)_P#<3^M<./\ @1W8'=G44445
MY!Z04444 %%%% !1110 $@=:XW7[\SF2W\S<$F/R[>F,BNDU6Z^R6BR;]F7
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MT2O.]3_Y"MW_ -=G_F:X\9\*.C#;L?IVH36#2&*0)O S\N<XJ_\ \)'>?\_
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M_/:?\_\ Z]']OM_SVG_/_P"O2?\ "*7_ /STM_\ OH_X4?\ "*7_ /STM_\
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M5A5H^T=S6G5Y%8X+^S9_5/SH_LV?U3\Z[W[';?\ /"/_ +Y%'V.V_P">$?\
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MX/2IHR=.=F.HE..AWE%("#TI:]0X0HHHH QO$/\ J$_W7_D*XFNV\0_ZA/\
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MHRP_Q,VO"'^MN_\ =7^M=57*^$/];=_[J_UKJJUPW\)&=;XV%%%%;F04444
M%%%% !1110!YYJO_ "%KO_KJW\ZT?"G_ "%9/^N)_F*SM5_Y"UW_ -=6_G6C
MX4_Y"LG_ %Q/\Q7ET_XR]?\ ,[Y_POD=E1117J' %%%% !45Q")X)$VJ2R%1
MD>HJ6BAJX'G^JV36EZ\>$ 4#A>G2I-'OFM[V$,\GE@G*@\=#VKI]:L_.LIWW
M $@=O<5Q,T9AE*;LD=Z\RK!TIW1W0DJD;,]%MIUN+=95S@YZ]>M35RGAZ_\
MWMO:;#G+?-N^IZ5U==]*ISQN<E2'*["%0PP0"/>N&UJS:&ZGF.S:TQQCKSFN
MZK,UNT^UV2QA@I$@;.,]C45Z?/$JE/ED<AI]Y]D:0[G&X#[M=]%()%&,]!UK
MSB>/RKB2/.=C%<_0UOZ%J?EF;,9;A?XOK7-AJO*^5F]:',N9'644#D45Z!QA
M1110 4444 %%%% !1110!Q&O_P#'TW_71_YU!I7WI?H/ZU/K_P#Q]-_UT?\
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M7R86DQG';-#T Q/$-YBUN+?9_=^;/N#7)Q1^=(1G'>KNMS^?JLS[=N=O&?\
M9%6O#UKYE\3OQF,GI[BO,FW5JV.Z*Y(7.GTN'R["V.0?W2CI[5=IJ+LC5<YP
M,4ZO2BK*QQ-W=PHHHIB"BBB@ HHHH **** ,O7+?S=,GY )V]O\ :%<,Z^7(
MRYZ'&:]+D3S$*YQFN!U6#R]0N#NS^\(Z5PXN&TCJP\NAT^AW7F00P[<;81SG
MZ5LUPNA77V:^9MF[]V1C..XKMX7\R"-\8W*#BML//FB95H<LCG?%_P#J[3ZM
M_2N5KJO%_P#J[3ZM_2N5KCQ/\5G31^!'IR_='TI:1?NCZ4M>H<(4444 %%%%
M !1110 5YWJ?_(5N_P#KL_\ ,UZ)7G>I_P#(5N_^NS_S-<>,^%'1AMV;7A#_
M %MW_NK_ %KJJY7PA_K;O_=7^M=56N&_A(BM\;"BBBMS(***#P,T %9FM77D
MZ=/\F< =_<4S4M6^RK(GD;MH'.[']*Y"_N_MET\NS9NQQG/05RUZZBK+<WI4
MFW=D,\OG3-)C&>V:Z3PW;;+A9=V=T1XQ]*Y^RMOM=Y'!NV[L\XSCC-=]8V_V
M>TACW;MB!<XQFL,-!RES,UKRM'E+->=ZI_R%;O\ Z[/_ #->B5YWJG_(5N_^
MNS_S-:XSX49X;=FUX0_UMW_NK_6NJKE?"'^MN_\ =7^M=56N&_A(BM\;"BBB
MMS(**** "BBB@ HHHH \\U7_ )"UW_UU;^=:/A3_ )"LG_7$_P Q6=JO_(6N
M_P#KJW\ZT?"G_(5D_P"N)_F*\NG_ !EZ_P"9WS_A?([*BBBO4. **** "BBB
M@!&&X8KDO$-ABXGNO,& %^7;]!7757OH/M%G)%NV[L<XSWK*M3YXV+ISY97/
M/;>;R)UDQG;VSBNWT2Z^T:?$=N,[N^>YKC]3MOLU])'NW;<<XQV%6M!O/LMY
MG9N^0C&<=Q7#0FZ<^5G55CSQNCN:*9#)YL*28QN ./2GUZ9Q'+:_IF'602#Y
MW8XV]*YKD'@UZ=C-<GJ^C>5Y1\_.XG^#Z>]<.(H?:B=5&K]EDNE:W_K1Y!X
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M7<MP..OTJUH^D)87C2J9<E"OS].H]O:N6%&:J\WF;RJ1<+&W1117H'(%%%%
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH QO$/^H3_=?^0KB:[;Q#_J$_W7_D*XFO-Q7QG;0^$*Z?PO\
MZD_]=3_(5S%=/X7_ -2?^NI_D*C#_P 1%5O@.HKCOBI_R3;6/]V+_P!&I78U
MQWQ4_P"2;:Q_NQ?^C4KVJ/\ $CZH\RK_  Y>A\R4445] >&%%%% !7U)X/\
MN3_[B?UKY;KZD\'_ ')_]Q/ZUPX_X$=V!W9U%%%%>0>D%%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M%&<MV<C)_P A*\_ZZM_,UUJ_='TKB-1@\_4;D;MN)7[>]2C0&(_X^S_WQ_\
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MTK*PF[NX4444Q$-Q;)<A0Y8;?2L/2[&2R>8K'+\^/O+]:Z*BLY4U)IEJ;2L
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
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !3 -<# 2(  A$! Q$!_\0
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M:0N^[3G$LLK;@ZJNX#Y2 2?TJ?9L?,CL;NQMKY46YA601N'7<.A!R/U%9/\
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MI&W?>%[34+^:YFGN@MP(Q/ D@$<H3[N1C/?L1FJFM>%A<:/;VMB6)MU,8#N
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*112&%%%% '__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
