<SEC-DOCUMENT>0001104659-20-104396.txt : 20200911
<SEC-HEADER>0001104659-20-104396.hdr.sgml : 20200911
<ACCEPTANCE-DATETIME>20200911160056
ACCESSION NUMBER:		0001104659-20-104396
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20200911
FILED AS OF DATE:		20200911
DATE AS OF CHANGE:		20200911

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34602
		FILM NUMBER:		201170923

	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>6-K
<SEQUENCE>1
<FILENAME>tm2030666d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</P>

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

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

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

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

<P STYLE="font: bold 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

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

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

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE<BR>
SECURITIES EXCHANGE ACT OF 1934</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of September 2020</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number: 001-34602</P>

<P STYLE="font: bold 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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Unit 29D, Huadu Mansion, 838 Zhangyang
Road, </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Shanghai, 200122 </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(+86-21) 5075-2918</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>(Address of principal executive office)</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">Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Form 20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT></TD>
    <TD STYLE="width: 69%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
</TABLE>
<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">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b) (1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></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">Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule&nbsp;101(b) (7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></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>

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<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>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="border-bottom: Black 1pt solid; width: 15%"><B>Number</B></TD>
<TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 83%"><B>Description of Document</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-1.htm">Exhibit 10.1</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-1.htm">English Translation of Letter of Undertaking on the Authenticity, Accuracy, and Completeness of the Prospectus, effective as of September 8, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-2.htm">Exhibit 10.2</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-2.htm">English Translation of Letter of Undertaking on Stabilizing the Company&rsquo;s Stock Price, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-3.htm">Exhibit 10.3</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-3.htm">English Translation of Letter of Undertaking on the Resale Restriction and Voluntary Lock-Up of the Shares Held, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-4.htm">Exhibit 10.4</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-4.htm">English Translation of Letter of Undertaking on the Intent to Reduce Shareholding, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-5.htm">Exhibit 10.5</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-5.htm">English Translation of Letter of Undertaking on Avoiding Horizontal Competition, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-6.htm">Exhibit 10.6</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-6.htm">English Translation of Letter of Undertaking on Regulating Related Party Transactions, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-7.htm">Exhibit 10.7</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-7.htm">English Translation of Letter of Undertaking on Not Occupying Funds, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-8.htm">Exhibit 10.8</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-8.htm">English Translation of Letter of Undertaking on Protecting the Independence of the Company, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-9.htm">Exhibit 10.9</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-9.htm">English Translation of Letter of Undertaking Regarding the Restraint Measures for Failure to Fulfill the Undertakings, effective as of September 8, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-10.htm">Exhibit 10.10</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-10.htm">English Translation of Letter of Undertaking on Remedial Measures for Diluting Current Returns, effective as of September 7, 2020, of Daqo New Energy Corp.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex10-11.htm">Exhibit 10.11</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex10-11.htm">English Translation of Letter of Undertaking Regarding Xinjiang Daqo New Energy Co., Ltd.&rsquo;s Dividend Policy, effective as of September 7, 2020, of Xinjiang Daqo New Energy Co., Ltd.</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2030666d1_ex99-1.htm">Exhibit 99.1</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2030666d1_ex99-1.htm">Press release</A></TD></TR>
</TABLE>

<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>

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

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

<P STYLE="font: bold 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
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</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%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 47%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name: </TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title: </TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date: September 11, 2020</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
</TABLE>
<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>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2030666d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</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"><B>Letter of Undertaking on the Authenticity,
Accuracy, and Completeness of the Prospectus</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 0.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering of shares
and to be listed on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;),
Daqo New Energy Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer,
makes the following representations and warranties:</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">There are no false statements, misleading
statements, or material omissions in the Issuer&rsquo;s prospectus, and the Company shall ensure that the disclosures in the prospectus
are true, accurate and complete.</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">If any false statements, misleading statements,
or material omissions in the Issuer&rsquo;s prospectus have a significant and substantive impact on whether the Issuer meets the
offering conditions prescribed by law, the Company will repurchase the original restricted shares disposed of by the Company within
30 days after the China Securities Regulatory Commission, or the relevant stock exchange, court or other competent authority has
determined or issued a punishment notice on the aforementioned facts in accordance with the law. The repurchase price will be determined
according to the secondary market price at that time, and not lower than the issue price plus bank deposit interest in the same
period.</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 0.25pt 0pt 0; text-align: justify">(If any ex-rights or ex-dividend
matters of the Issuer&rsquo;s stock occur, such as dividend distribution, stock dividend and the capitalization of capital reserve,
the issue price will be adjusted accordingly). The repurchased shares include the original restricted shares and their successor
shares. At the same time, as the controlling shareholder of the Issuer, the Company will urge the Issuer to repurchase all new
shares and successor shares of the initial public offering in accordance with the law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25pt 0pt 0; text-align: justify">If any false statements, misleading
statements, or material omissions in the Issuer&rsquo;s prospectus cause any investors to suffer any losses in securities trading,
the Company will compensate such investors for the losses in accordance with the law.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This letter of undertaking takes effect
upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name: </TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title: </TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date: </TD>
    <TD>September 8, 2020</TD></TR>
</TABLE>



<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"></P>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2030666d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on Stabilizing
the Company&rsquo;s Stock Price</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the SSE STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo New Energy Corp. (hereinafter
referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, hereby makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">1. Within three years after the
IPO, if the closing prices of the Issuer&rsquo;s stock for 20 consecutive trading days are lower than the Issuer&rsquo;s latest
audited net assets per share (if, after the latest benchmark audit date, the Issuer&rsquo;s net assets change due to dividend distribution,
capitalization from capital reserve, issuance of additional shares, or rights issues, the net assets per share shall be adjusted
accordingly), and the Issuer also meets the regulatory requirements for any changes in equity (such as share repurchases and increases
in share capital), the Issuer and the related parties shall, in accordance with the stock price stabilization plan reviewed and
approved by the Issuer&rsquo;s board of directors and at a shareholders&rsquo; meeting, take one or more of the following measures
to stabilize the Issuer&rsquo;s stock price in the following order:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">(1) The Issuer repurchases its
stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(2) The controlling shareholder
of the Issuer increases its shareholding in the Issuer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(3) The Issuer&rsquo;s directors
(excluding independent directors and directors who do not receive remuneration from the Issuer) and senior management members increase
their shareholding in the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. If the measures triggered
to stabilize the Issuer&rsquo;s stock price require the Issuer&rsquo;s controlling shareholder to increase its shareholding in
the Issuer, the Company will do so unconditionally in accordance with the Issuer&rsquo;s stock price stabilization plan. If the
Company fails to fulfill the obligation to increase its shareholding, within five business days from the date when the relevant
undertaking is violated, the Company shall cease to receive any dividends from the Issuer and shall not dispose of its shares in
the Issuer until it takes the corresponding measures to increase its shareholding in the Issuer and consummates the increase in
accordance with its undertakings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tm2030666d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.3</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 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on the
Resale Restriction and Voluntary Lock-Up of the Shares Held</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the SSE STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo New Energy Corp. (hereinafter
referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, pursuant to the relevant laws and
regulations and the rules of China Securities Regulatory Commission, voluntarily undertakes as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">1. Within 36 months from the
date of the IPO, the Company shall not transfer or entrust others to manage the Company&rsquo;s directly or indirectly held shares
issued before the IPO, nor propose that the Issuer repurchase these shares directly or indirectly held by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. Within six months after the
IPO, if the closing prices of the Issuer&rsquo;s stock for 20 consecutive trading days are lower than the issue price, or at the
end of the six-month period after the IPO (or, if that day is not a trading day, the first trading day after that day), the closing
price is lower than the issue price, the lockup period of the shares issued by the Issuer and held by the Company before the IPO
shall be automatically extended for six months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">3. During the period when the
Company is recognized as the Issuer&rsquo;s controlling shareholder, the Company will report to the Issuer the shares held by the
Company and any of their changes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">The Company agrees to bear and
compensate the Issuer for all losses, harm, and expenses caused to the Issuer due to any violation of the above undertakings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: center">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: center"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>DAQO NEW ENERGY CORP.</B></FONT></TD></TR>
</TABLE>




<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Longgen Zhang</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director and Chief Executive Officer</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">September 7, 2020</TD></TR>
</TABLE>


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

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

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




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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>tm2030666d1_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on the
Intent to Reduce Shareholding</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy Co., Ltd
(hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing of its
shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo New Energy
Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, hereby makes
the following undertakings on its intent of holding and reducing its shareholding in the Issuer:</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">After the IPO of the Issuer, the Company
may reduce its shareholding in the Issuer as needed after the lock-up period expires. If the Company reduces its shareholding after
the expiry of the lock-up period, the Company will comply with the relevant regulations of the China Securities Regulatory Commission
and the Shanghai Stock Exchange on shareholder reduction and information disclosure. The specific arrangements for the Company
to reduce its shareholding within two years from the date of expiry of the lock-up period are as follows:</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 1.3pt 0pt 0; text-align: justify">1. Amount of shareholding reduction:
the Company intends to reduce its shareholding within two years after the expiry of the lock-up period, and the amount of shareholding
reduction each year shall not exceed 10% of the Issuer&rsquo;s stock held by the Company upon the IPO or immediately before the
IPO (and if any ex-rights or ex-dividend matters of the Issuer&rsquo;s stock occur, such as dividend distribution, allocation of
bonus shares and capitalization of capital reserve, such amount of shares will be adjusted accordingly); if the Company intends
to reduce its shareholding after two years after the expiry of the lock-up period, the amount of shareholding reduction will be
published before the reduction;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. Method of shareholding reduction:
the Company shall comply with the relevant laws and regulations regarding share transfers, including using the centralized bidding
trading system of the stock exchange, the block trading system, or through privately negotiated agreements; however, if the Company
expects that the total amount of stock that has been released for sale in the next month exceeds 1% of the Issuer&rsquo;s total
stock, it will not transfer its stock through the centralized bidding trading system of the stock exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">3. Price of shareholding reduction:
if the shareholding is reduced within two years after the expiry of the lockup period, the price of the shareholding reduction
shall not be less than 100% of the issue price (and if any ex-rights or ex-dividends matters of the Issuer&rsquo;s stocks occur,
such as dividend distribution, allocation of bonus shares and capitalization of capital reserve, the issue price will be adjusted
accordingly); if the shareholding is reduced two years after the expiry of the lockup period, the reduction price shall comply
with relevant laws and regulations;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">4. Time limit of shareholding
reduction: the time limit for the reduction shall be six months after the announcement of the shareholding reduction plan. After
the time limit for the reduction expires, if the Company continues to reduce its shareholding, a shareholding reduction announcement
shall be carried out again in accordance with the above arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">If the Company fails to fulfill
the aforementioned commitments, the proceeds obtained from any violation of the above commitments belong to the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 24pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 24pt; text-align: justify"></P>

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    <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 1.3pt 0pt 24pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
<TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%"><B>&nbsp;</B></TD>
    <TD STYLE="width: 50%; font-size: 10pt"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
</TABLE>




<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Longgen Zhang</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Director and Chief Executive Officer</TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Date:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">September 7, 2020</TD></TR>
</TABLE>


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



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>tm2030666d1_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.5</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 1.3pt 0pt 111.25pt; text-align: center; text-indent: -111.25pt"><B>Letter
of Undertaking on Avoiding Horizontal Competition</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 111.25pt; text-align: center; text-indent: -111.25pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the SSE STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo New Energy Corp. (hereinafter
referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, to avoid horizontal competition
with the Issuer, in accordance with the relevant laws and regulations, hereby makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">1. The Company and its subsidiaries
other than the Issuer (including, same as all references to the Issuer below, the Issuer&rsquo;s subsidiaries), are not currently
engaged in any form of business that competes or may compete, directly or indirectly, with the Issuer&rsquo;s business or activity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. If the Issuer consummates
the IPO, the Company will take effective measures, and urge any company controlled by the Company to take effective measures, to
not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(1) in any form, directly or
indirectly, engage in any business or activities that constitute or may be directly or indirectly competitive with the business
operated by the Issuer, or hold rights or interests in such business; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(2) in any form, support others
than the Issuer to engage in business or activities that compete or may compete with the Issuer&rsquo;s current or future businesses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">3. After the IPO, where the Company
and its controlled subsidiaries have any business opportunities to engage in, participate in, or invest in any business or activity
that may compete with the business operated by the Issuer, the Issuer shall have priority to pursue such business opportunities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">4. As the controlling shareholder
of the Issuer, the Company will not use the controlling shareholder status to, and will not through any subsidiary controlled by
the Company, engage in any business or activity that harms or may harm the interests of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">The Company agrees to bear and
compensate the Issuer for all losses, harm, and expenses caused by any violation of the above undertakings, and the proceeds obtained
by the Company from any violation of the above undertakings will be vested with the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company, and is valid while the Company is the controlling shareholder of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify"></P>

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    <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 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>tm2030666d1_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on Regulating
Related Party Transactions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo
New Energy Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, to
regulate the related party transactions with the Issuer, hereby makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">1. The Company will strictly
follow the PRC Company Law and other laws and regulations as well as the Issuer&rsquo;s articles of association to exercise shareholder
rights and perform shareholder obligations, fully respect the Issuer&rsquo;s independent legal person status, ensure that the Issuer
operates independently and makes decisions independently, and urge the Issuer&rsquo;s directors and supervisors (if any) nominated
by the Company to perform their duties of loyalty and diligence in accordance with the law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. To procure that the Company
and companies, enterprises, other economic organizations, and individuals that become affiliates of the Issuer due to a specific
relationship with the Company (hereinafter collectively referred to as the &ldquo;<B>Related Parties of the Company</B>&rdquo;)
try not to increase unnecessary related party transactions and try to ensure compliance of the related party transactions with
the Issuer in the future. Regarding the necessary related party transactions, the Company and the Related Parties of the Company
shall perform relevant procedures in accordance with the relevant laws and regulations, the Issuer&rsquo;s articles of association
and relevant policies, and in accordance with fair, equitable, and normal commercial terms, to ensure that the legitimate rights
and interests of the Issuer and other shareholders will not be harmed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">3. To ensure that the Company
and the Related Parties of the Company strictly perform various related party transaction agreements entered into with the Issuer
in good faith, and that the Company and the Related Parties of the Company will not seek any interests or benefits from the Issuer
beyond the provisions of such agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">4. If the Company violates the
above representations and undertakings, the Issuer and other shareholders of the Issuer will have the right to, in accordance with
to this letter and applicable laws, seek to enforce the above undertakings by the Company and compensation by Company to the Issuer
and its other shareholders for all losses suffered. Any proceeds obtained by the Company due to any violation of the above representations
and undertakings shall also be vested with the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">If the Company violates the aforementioned
commitments, it will bear all the legal liability for any such violation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company, and is valid only during the period when the Company acts as the controlling shareholder
of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify"></P>

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    <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 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>tm2030666d1_ex10-7.htm
<DESCRIPTION>EXHIBIT 10.7
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.7</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on Not
Occupying Funds</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo
New Energy Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, hereby
makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">As the controlling shareholder
of the Issuer, the Company will strictly abide by laws, regulations, regulatory documents, and the Issuer&rsquo;s relevant policies,
will not occupy or use the Issuer&rsquo;s assets and resources in any way, and will not directly or indirectly take any action
that harms or may harm the interests of the Issuer and its other shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">If the interests of the Issuer
or its other shareholders are harmed due to the Company&rsquo;s breach of the above undertakings and warranties, the Company will
bear the corresponding liability in accordance with the law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company, and is valid only during the period when the Company acts as the controlling shareholder
of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[The space below is intentionally
left blank]</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
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    <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 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>9
<FILENAME>tm2030666d1_ex10-8.htm
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.8</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on Protecting
the Independence of the Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo
New Energy Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), during the period of being the controlling shareholder
of the Issuer, to protect the independence of the Issuer, makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">1. While the Company is the controlling
shareholder of the Issuer, the Company will ensure that the Issuer remains independent from the Company and its related parties<SUP>1</SUP>
in terms of business, assets, finance, personnel, and governance bodies, among others.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">2. The Company undertakes to
not make use of the controlling shareholder status of the Issuer to harm the Issuer&rsquo;s legitimate interests;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">3. While the Company is the controlling
shareholder of the Issuer, the Company and other companies controlled by the Company will restrain from all illegal occupation
of the Issuer&rsquo;s funds and assets and will in no event require the Issuer and its controlled companies to provide any form
of guarantee or financial support to the Company, except where the Issuer is the beneficiary of the guarantee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">4. The Company agrees that if
the Company violates the above undertakings and thus causes losses to the Issuer, the Company will compensate the Issuer in full
for all losses suffered in a timely manner.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1
</SUP></FONT>The term &ldquo;related parties&rdquo; under this letter of undertaking is defined in the &ldquo;Rules of the Shanghai
Stock Exchange for Listing of Stocks on the Science and Technology Innovation Board&rdquo; and &ldquo;Accounting Standards for
Business Enterprises&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></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 59pt 0pt 24pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>
<P STYLE="margin: 0">&nbsp;</P>

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

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    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>10
<FILENAME>tm2030666d1_ex10-9.htm
<DESCRIPTION>EXHIBIT 10.9
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.9</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking Regarding
the Restraint Measures for Failure to Fulfill the Undertakings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), Daqo
New Energy Corp. (hereinafter referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, guarantees
that it will strictly fulfill the public undertakings disclosed in the Issuer&rsquo;s prospectus, and if it fails to fulfill the
undertakings, it will take the following actions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(1) The Company will publicly
explain the specific reasons for its failure to fulfill its undertakings in the newspapers designated by the Shanghai Stock Exchange
and the China Securities Regulatory Commission, and apologize to the Issuer&rsquo;s other shareholders and public investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(2) If the Company violates or
fails to fulfill the public commitments disclosed in the Issuer&rsquo;s prospectus, the Company will bear the corresponding liability
in accordance with the provisions of relevant laws and regulations and the requirements of the regulatory authorities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">(3) If the investors suffer losses
in securities transactions due to the Company&rsquo;s breach or failure to perform any related undertakings, the Company will compensate
them for the losses in accordance with the law. Investor losses shall be determined based on the amount determined by the Issuer
and investors through negotiation, or based on the method or amount recognized by the securities regulatory authority and the relevant
court. The Company will voluntarily apply for freezing the shares it holds in the Issuer in a market value corresponding to the
compensation amount, so as to ensure the Company&rsquo;s ability to compensate the investors for their losses in accordance with
laws and regulations and the requirements of the regulatory authorities. If the Company fails to perform the aforementioned compensation
obligation, the Issuer&rsquo;s pre-IPO shares held by the Company shall not be transferred before the Company has performed the
aforementioned compensation obligation, and during this period, the Issuer shall have the right to deduct cash dividends distributed
to the Company to fulfill the aforementioned compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 45%">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 8, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 59pt 0pt 24pt; text-align: justify"></P>



<P STYLE="margin: 0">&nbsp;</P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>11
<FILENAME>tm2030666d1_ex10-10.htm
<DESCRIPTION>EXHIBIT 10.10
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.10</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 1.3pt 0pt 0; text-align: center"><B>Letter of Undertaking on Remedial
Measures for Diluting Current Returns</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Whereas Xinjiang Daqo New Energy
Co., Ltd (hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing
of its shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), after
the IPO, the Issuer&rsquo;s total share capital and shareholders&rsquo; equity may increase significantly, and the shareholders&rsquo;
current returns (such as the Issuer&rsquo;s earnings per share and weighted average return on equity) may be diluted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">Daqo New Energy Corp. (hereinafter
referred to as the &ldquo;<B>Company</B>&rdquo;), as the controlling shareholder of the Issuer, will safeguard the legitimate rights
and interests of the Issuer and all shareholders, and in accordance with the relevant regulations of the China Securities Regulatory
Commission, promote the implementation of the Issuer&rsquo;s return-filling measures, and make the following undertaking:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">While the Company is the controlling
shareholder of the Issuer, the Company shall not, in excess of its shareholder capacity, interfere in the Issuer&rsquo;s business
and management activities, and shall not encroach on the Issuer&rsquo;s interests.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">This letter of undertaking takes
effect upon being signed by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">[The space below is intentionally
left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>DAQO NEW ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Longgen Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">Title:</TD>
    <TD STYLE="width: 45%">Director and Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Date:</TD>
    <TD>September 7, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.3pt 0pt 0; text-align: center">&nbsp;</P>


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

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<P STYLE="margin: 0">&nbsp;</P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.11
<SEQUENCE>12
<FILENAME>tm2030666d1_ex10-11.htm
<DESCRIPTION>EXHIBIT 10.11
<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"><B>Exhibit 10.11</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"><B>Letter of Undertaking Regarding Xinjiang
Daqo New Energy Co., Ltd.&rsquo;s Dividend Policy</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">Whereas Xinjiang Daqo New Energy Co., Ltd
(hereinafter referred to as the &ldquo;<B>Issuer</B>&rdquo;) intends to apply for an initial public offering and listing of its
shares on the Shanghai Stock Exchange&rsquo;s STAR Market (hereinafter referred to as the &ldquo;<B>IPO</B>&rdquo;), it hereby
makes the following undertakings:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&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"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD STYLE="text-align: justify"><B>Dividend policy after the IPO</B></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: 0.5in">(1)</TD><TD STYLE="text-align: justify">General Principle</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 0.5in; text-align: justify">When formulating its dividend
policy and specific plans, the Issuer should take into account the investors&rsquo; reasonable returns and the Issuer&rsquo;s long-term
interests and sustainable development, and ensure the continuity and stability of its dividend distribution policies. The Issuer
will distribute cash dividends as a priority to the extent that its capital needs for normal production and business operations
can be met.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(2)</TD><TD STYLE="text-align: justify">Method of dividend distribution</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 0.5in; text-align: justify">The Issuer's dividend distribution
can be made in cash, stock, a combination of cash and stock, or other methods permitted by laws and regulations. When deciding
the dividend distribution method, the Issuer will prioritize cash dividend over stock dividend and other distribution methods.
The Issuer can distribute stock dividends in light of the Issuer&rsquo;s cash flow status, business growth, net assets per share
and other real and reasonable factors. The Issuer can issue preferred shares in accordance with the law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(3)</TD><TD STYLE="text-align: justify">Specific conditions and proportions of cash dividends</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 0.5in; text-align: justify">The Issuer must distribute cash
dividends when all the following conditions are satisfied: (i) the Issuer recorded consolidated net profit and the parent company
recorded net profit for the year; (ii) the accumulated retained earnings of Issuer as indicated by its consolidated financial statements
and the accumulated retained earnings of the parent company as indicated by its financial statements, are positive at the end of
the year; (iii) the Issuer has the corresponding cash to distribute cash dividends; (iv) the Issuer&rsquo;s auditor issued a standard
unqualified opinion for the Issuer&rsquo;s financial statements in the year; and (v) the Issuer has no major investment plans or
major capital expenditure arrangements.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The aforementioned major investment
plans or major capital expenditure arrangements refer to: the Issuer&rsquo;s planned investments, construction projects, asset
acquisitions, and purchases of equipment in the next 12 months which in total account for more than 30% of the Issuer&rsquo;s most
recently audited total assets, or the expenditures on a single investment, construction project, asset acquisition or equipment
purchase which accounts for more than 20% of the Issuer&rsquo;s latest audited net assets.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In principle, the Issuer&rsquo;s
cumulative distribution of dividends in cash in the last three years shall not be less than 30% of the Issuer&rsquo;s annual average
distributable profits realized in the last three years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(4)</TD><TD STYLE="text-align: justify">Specific conditions for the Issuer to issue stock dividends</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 0.5in; text-align: justify">When the Issuer operates well
and the board of directors considers that the stock price of the Issuer is inconsistent with the scale of the Issuer's share capital,
and the distribution of stock dividends is beneficial to the overall interests of all shareholders of the Issuer, the stock dividend
distribution plan can be proposed upon satisfaction of the above-mentioned cash dividends requirement. The Issuer&rsquo;s dividend
distribution shall not exceed its accumulated distributable profits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(5)</TD><TD STYLE="text-align: justify">Time interval of the Issuer&rsquo;s dividend distribution</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 0.5in; text-align: justify">Upon the satisfaction of the
conditions for dividend distribution, the Issuer will distribute dividends once a year in principle.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Upon the satisfaction of the
conditions for cash dividend distribution, the Issuer will distribute cash dividends as a priority. If conditions permit, the Issuer&rsquo;s
board of directors may propose to the Issuer to issue interim cash dividends based on the Issuer&rsquo;s actual results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(6)</TD><TD STYLE="text-align: justify">The Issuer's differentiated cash dividend policy</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 0.5in; text-align: justify">If the Issuer meets the conditions
for cash dividend distributions, the Issuer must distribute cash dividends; the Issuer may distribute stock dividends while making
cash dividend distributions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The board of directors of the
Issuer shall comprehensively consider the industry&rsquo;s characteristics and the Issuer&rsquo;s development stage, business model,
profit level, and any major capital expenditure arrangements and other factors, before proposing the differentiated cash dividend
policy according to the procedures specified in the articles of association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">1&#12289;</TD><TD STYLE="text-align: justify">If the Issuer reaches the maturity stage and does not have any major capital expenditure arrangement,
the proportion of cash dividends in the dividend distribution shall be at least 80%.</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: 0.5in">2&#12289;</TD><TD STYLE="text-align: justify">If the Issuer reaches the maturity stage but has major capital expenditure arrangements, the proportion
of cash dividends in the dividend distribution shall be at least 40%.</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: 0.5in">3&#12289;</TD><TD STYLE="text-align: justify">If the Company is in the growth stage and has major capital expenditure arrangements, the proportion
of cash dividends in the dividend distribution shall be at least 20%.</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-top: 0pt; margin-bottom: 0pt"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">When the development stage of the
Issuer is difficult to distinguish, and there are significant capital expenditure arrangements, the dividend policy can be decided
in accordance with the provisions of the foregoing paragraph.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Issuer will mainly distribute
cash dividends; in addition to fulfilling the foregoing cash dividend distributions, the Issuer&rsquo;s board of directors may
propose a stock dividend distribution plan to the general meeting of shareholders for review.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(7)</TD><TD STYLE="text-align: justify">Decision-making procedures and mechanisms for the Issuer&rsquo;s dividend distribution</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: 0.5in">1&#12289;</TD><TD STYLE="text-align: justify">The Issuer&rsquo;s annual dividend distribution plan will be proposed and prepared by the board
of directors by considering the Issuer&rsquo;s articles of association, profitability, cash requirements and resources. When the
board of directors deliberates the specific cash dividend plan, it will carefully study and analyze, among others, the timing,
conditions, and minimum ratio of the Issuer&rsquo;s cash dividends, adjustment conditions and decision-making procedures, among
others. The independent directors will review the dividend distribution plan and provide independent and clear recommendations.
The proposal passed by the board of directors shall be submitted to the general meeting of shareholders for deliberation.</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 0.5in; text-align: justify">Independent directors can collect
the views of minority shareholders and submit dividend distribution proposals directly to the board of directors for deliberation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Before any specific cash dividend
plan is deliberated by the shareholders&rsquo; meeting, it shall actively communicate with shareholders, especially minority shareholders,
via various ways (including but not limited to telephone, fax, and email or inviting small and medium-sized shareholders to attend
the meeting), fully consider the views and demands of minority shareholders, and timely respond to their concerns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">2&#12289;</TD><TD STYLE="text-align: justify">the board of directors' resolutions on approvals and modifications of the relevant policies on
dividend distribution shall be adopted by the affirmative vote of more than half of all directors before the decision can be submitted
to the general meeting of shareholders for deliberation; shareholders&rsquo; resolutions on approvals and modifications of the
relevant policies on dividend distribution shall be adopted by more than two-thirds affirmative vote held by the shareholders (or
their representatives) present at the shareholders&rsquo; meeting.</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-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&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: 0.5in">3&#12289;</TD><TD STYLE="text-align: justify">In the case of misappropriation of the Issuer&rsquo;s funds by shareholders, the Issuer must deduct
an amount from the cash dividends distributable to such shareholders to repay the misappropriated funds.</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: 0.5in">(8)</TD><TD STYLE="text-align: justify">Implementation of the Issuer&rsquo;s dividend distribution plan</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 0.5in; text-align: justify">After the Issuer&rsquo;s general
meeting of shareholders passes a resolution on the dividend distribution plan, the Issuer&rsquo;s board of directors must complete
the distribution of dividends (or shares) within two months after the general meeting of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(9)</TD><TD STYLE="text-align: justify">Adjustment of the Issuer&rsquo;s dividend distribution policy</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 0.5in; text-align: justify">In the case of force majeure
such as war or natural disaster, which has a significant impact on the production and operation of the Issuer, or when there is
a major change in the Issuer&rsquo;s operating conditions, the Issuer may adjust the dividend distribution policy; however, the
amended dividend distribution policy shall not violate the relevant laws, administrative regulations, departmental rules and government
policies.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">When the Issuer adjusts its dividend
distribution plan, it shall implement corresponding decision-making procedures in accordance with the provisions of paragraph (7)
under Section 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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: 0.5in">(10)</TD><TD STYLE="text-align: justify">Disclosure of dividend distribution policy</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 0.5in; text-align: justify">The Issuer shall disclose the
implementation of the dividend distribution policy in the annual report in detail.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">It is required to elaborate the
following in the annual report, among others: whether it meets the requirements of the Issuer&rsquo;s articles of association or
the requirements of the shareholders&rsquo; meeting resolutions; whether the cash dividend standard and ratio are definite and
clear; whether the relevant decision-making procedures and mechanisms are complete; whether independent directors have performed
their duties and played their due role; whether small and medium-sized shareholders have had the opportunities to fully express
opinions and demands; whether the legitimate rights and interests of minority shareholders are fully protected. If any adjustment
or change in the dividend distribution policy, it shall also be explained in details whether the conditions and procedures for
the adjustment or change are compliant and transparent.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Issuer will strictly implement
the dividend distribution policy after listing, including the general principle, methods of distribution, specific conditions and
proportions of cash dividends, specific conditions to issue stock dividends, time interval of dividend distribution, decision-making
procedures and mechanisms for dividend distribution, adjustment of dividend distribution, and implementation of dividend distribution
plans.</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&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"></TD><TD STYLE="width: 0.5in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Issuer&rsquo;s distribution arrangement of accumulated undistributed profits before the IPO</B></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 0.5in; text-align: justify">The accumulated undistributed
profits before the IPO shall be shared by the new and old shareholders according to the proportion of shares held by each of them
after listing.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">This letter of undertaking takes
effect upon being affixed with corporate seals of the Issuer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[The space below is intentionally left blank]</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>

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<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">(Signature Page of Letter of Undertaking</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Regarding Issuer&rsquo;s Dividend Distribution Policy)</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 52%">&nbsp;</TD>
    <TD STYLE="width: 48%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Xinjiang Daqo New Energy Co.,
Ltd (Seal)</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date: September 7, 2020</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0; text-align: right"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 24pt 0pt 0; text-align: right">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>13
<FILENAME>tm2030666d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Daqo New Energy&rsquo;s
Subsidiary Xinjiang Daqo Submits Application Documents for Initial Public Offering on China&rsquo;s STAR Market </B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Shihezi, China&mdash;September 11, 2020&mdash;Daqo
New Energy Corp. (NYSE: DQ) (&quot;Daqo New Energy&quot;, the &quot;Company&quot; or &ldquo;we&rdquo;), a leading manufacturer
of high-purity polysilicon for the global solar PV industry, <FONT STYLE="color: #333333">today announced that the application
documents regarding a potential initial public offering and listing of the shares of Xinjiang Daqo New Energy Co., Ltd. (&ldquo;Xinjiang
Daqo&rdquo;), a principal operating subsidiary of Daqo New Energy, had been submitted to and received by the Shanghai Stock Exchange.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">In June 2020, Daqo New Energy
announced its intention to list the shares of Xinjiang Daqo on the Shanghai Stock Exchange&rsquo;s Sci-Tech innovation board (the
 &ldquo;STAR Market&rdquo;), a stock exchange intended to support innovative companies in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">According to Xinjiang Daqo&rsquo;s
relevant initial public offering documents, it plans to issue at least 286,764,706 shares, accounting for approximately 15.00%
of its total share capital after the offering. Currently, the Company owns approximately 95.60% of Xinjiang Daqo&rsquo;s shares.
Following this initial public offering, the Company would hold approximately 81.26% of Xinjiang Daqo&rsquo;s shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">The proceeds of the offering,
which are subject to the actual size and pricing of the offering, will be used for capital expenditures for the following two polysilicon
manufacturing projects and additional working capital for Xinjiang Daqo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">&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: 0.25in"><FONT STYLE="color: #333333">1)</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="color: #333333">Phase 4B ultra-high-purity polysilicon project for mono-crystalline solar
PV wafer applications with an annual production capacity of 35,000 MT, which will significantly increase our capacity to better
address the fast-growing demand for mono-grade polysilicon and further solidify our leadership in the industry</FONT><FONT STYLE="font-size: 10pt">.</FONT>
<FONT STYLE="color: #333333">The total capital expenditure for this project is expected to be approximately US$514 million. </FONT></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-top: 0pt; margin-bottom: 0pt"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #333333"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">2)</TD><TD STYLE="text-align: left">A semi-grade ultra-high-purity polysilicon project for semiconductor wafer applications with an annual
capacity of 1,000 MT, which will best leverage our expertise in advanced technology and quality control, diversify our product
portfolio and fill the gap of domestic supply of semi-grade polysilicon. The total capital expenditure for this project is expected
to be approximately US$62 million.</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" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; color: #333333"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">3)</TD><TD STYLE="text-align: left">Additional working capital of approximately US$156 million to optimize debt structure, enhance R&amp;D
and fund business development projects.</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: left; color: #333333">The completion of the proposed
initial public offering of Xinjiang Daqo is subject to the review process by the Shanghai Stock Exchange and the registration process
by the China Securities Regulatory Commission. The Company cannot predict its ability to successfully complete the listing of Xinjiang
Daqo&rsquo;s shares, the related timeline or the actual size and pricing of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; color: #333333">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Daqo New Energy Corp. (NYSE: DQ) (&ldquo;Daqo&rdquo;
or the &ldquo;Company&rdquo;) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in
2008, the Company is one of the world&rsquo;s lowest cost producers of high-purity polysilicon. Daqo&rsquo;s highly-efficient and
technically advanced manufacturing facility in Xinjiang, China currently has a nameplate annual polysilicon production capacity
of 70,000 metric tons.</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">For further information, please contact:</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: left"><FONT STYLE="background-color: white">Daqo
New Energy Corp.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Investor
Relations Department</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Phone:
+86-187-1658-5553</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Email:
dqir@daqo.com</FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Phone: +86 178
1749 0483</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Email:rvanguestaine@christensenir.com</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">In the U.S.<BR>
Mr. Tip Fleming<BR>
Phone: +1-917-412-3333<BR>
Email:&nbsp;tfleming@Christensenir.com&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">For more information, please visit www.dqsolar.com</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>

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<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"><B>Safe Harbor Statement</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">This announcement contains forward-looking
statements. These statements are made under the &ldquo;safe harbor&rdquo; provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be identified by terminology such as &ldquo;will,&rdquo; &ldquo;expects,&rdquo;
 &ldquo;anticipates,&rdquo; &ldquo;future,&rdquo; &ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimates&rdquo;
and similar statements. Forward-looking statements in this announcement include, among other things, Daqo New Energy&rsquo;s strategic
and operational plans, the proposed listing of Xinjiang Daqo shares on the STAR Market and its timing. The Company may also make
written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in
its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not historical facts, including statements about the Company&rsquo;s
beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties.
A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including
but not limited to the following: the Company&rsquo;s ability to successfully complete the proposed STAR Market listing of Xinjiang
Daqo&rsquo;s shares; the impact of the proposed STAR Market listing on the Company&rsquo;s business and results of operations,
the use of proceeds of the proposed initial purchase offering of Xinjiang Daqo&rsquo;s shares, and perceptions of the initial public
offering and STAR Market listing of Xinjiang Daqo&rsquo;s shares by the Company&rsquo;s customers and other business partners and
investors; the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for
polysilicon; alternative technologies in cell manufacturing; the Company&rsquo;s ability to significantly expand its polysilicon
production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy
applications; and the Company&rsquo;s ability to lower its production costs; and the duration of COVID-19 outbreaks in China and
many other countries and the impact of the outbreaks and the quarantines and travel restrictions instituted by relevant governments
on economic and market conditions, including potentially weaker global demand for solar PV installations that could adversely affect
the Company&rsquo;s business and financial performance. Further information regarding these and other risks is included in the
reports or documents that the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information
provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking
statement, except as required under applicable law.</P>

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