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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2021
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SUBSEQUENT EVENTS | 20. SUBSEQUENT EVENTS Private Offering of Xinjiang Daqo On January 24, 2022 the Company announced that, Xinjiang Daqo intends to issue no more than 577.5 million ordinary shares and raise approximately RMB11 billion through a private offering to qualified institutional buyers in compliance with STAR market in China. The proceeds from this offering will be used for the construction of its 100,000 MT polysilicon expansion project in Baotou, and supplement the need of working capital. Upon completion of this private offering, the equity ownership percentage in Xinjiang Daqo ultimately held by the Company will be reduced from 80.7% to 62.1%, if the maximum 577.5 million ordinary shares of Xinjiang Daqo are issued. Xinjiang Daqo’s 2021 Profit Distribution Plan The Board of Xinjiang Daqo has approved the Profit Distribution Plan of 2021("2021 Distribution Plan") which decides to distribute cash dividends inclusive of taxes of RMB 1,155,000,000 (an equivalence of USD 181,743,870.0). As such, an estimation of 20.18% of distributable profit from PRC listed group will be distributed in 2022. The 2021 Distribution Plan still needs to be approved by the 2021 Annual Shareholders’ Meeting of PRC listed group.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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