<SEC-DOCUMENT>0001104659-23-080219.txt : 20230815
<SEC-HEADER>0001104659-23-080219.hdr.sgml : 20230815
<ACCEPTANCE-DATETIME>20230712101958
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-23-080219
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230712

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:		CORRESP

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;</FONT>12,
2023</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"><B><U>VIA EDGAR</U></B></P>

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

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Washington, D.C. 20549</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: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Re:</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DAQO NEW ENERGY CORP. (the &ldquo;Company&rdquo;)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Form&nbsp;20-F for the Year ended December&nbsp;31, 2022 (the &ldquo;FY 2022 20-F&rdquo;)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Filed April&nbsp;27, 2023</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>File No.&nbsp;1-34602</B></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; text-align: justify">Dear Ms.&nbsp;Thompson, Mr.&nbsp;Morris, Ms.&nbsp;Hooker,
Ms.&nbsp;Yu and Mr.&nbsp;West:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In response to the comments of the staff (the &ldquo;Staff&rdquo;)
of the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) dated May&nbsp;11, 2023 (the &ldquo;Comment Letter&rdquo;), the
Company is submitting this response letter via EDGAR.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For your convenience, we have repeated in bold
the Staff&rsquo;s comments from the Comment Letter below, followed by the Company&rsquo;s responses. Capitalized terms used but not otherwise
defined in this letter have the meanings assigned to them in the FY 2022 20-F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
note your statement that you reviewed your register of members and public filings made by your shareholders in connection with your required
submission under paragraph (a). Please supplementally describe any additional materials that were reviewed and tell us whether you relied
upon any legal opinions or third party certifications such as affidavits as the basis for your submission. In your response, please provide
a similarly detailed discussion of the materials reviewed and legal opinions or third party certifications relied upon in connection with
the required disclosures under paragraphs (b)(2)&nbsp;and (3).</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company acknowledges the Staff&rsquo;s comment
and respectfully advises that the Company has obtained and reviewed the documents described below for the required disclosures under paragraphs
(b)(2)&nbsp;and (3), and, to the extent applicable, paragraph (a). We have presented these documents separately for each of the Company,
the Company&rsquo;s principal consolidated operating entity (Xinjiang Daqo New Energy Co.,&nbsp;Ltd.), and the Company&rsquo;s other PRC
subsidiaries.</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"><B><I>The Company</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Percentage of shares owned by governmental entities (paragraph (b)(2))</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">According to the Company&rsquo;s register of members
(&ldquo;ROM&rdquo;), excluding treasury stock for ordinary shares repurchased and the bulk issuance of ordinary shares to the depositary
for the Company&rsquo;s American Depositary Share (&ldquo;ADS&rdquo;) program (the &ldquo;Depositary&rdquo;) reserved for future issuances
of ADSs under its share incentive plans, as of the date of the FY 2022 20-F (April&nbsp;27, 2023), the Company had 386,330,402 ordinary
shares outstanding. Among these outstanding ordinary shares:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>approximately 85.1% were held by the Depositary on behalf of ADS holders (which excludes treasury stock for ordinary shares repurchased
and the bulk issuance of ordinary shares to the depositary reserved for future issuances of ADSs under the Company&rsquo;s share incentive
plans); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>of the remaining approximately 14.9%, (i)&nbsp;over 99% of these ordinary shares were held by the holding companies that hold shares
in the Company of Mr.&nbsp;Guangfu Xu, Mr.&nbsp;Xiang Xu and Mr.&nbsp;Dafeng Shi, all being directors of the Company (&ldquo;Holding Vehicles&rdquo;),
and (ii)&nbsp;the rest (being a trivial number of the Company&rsquo;s ordinary shares) were held by a few venture capital firms and some
individual investors (including affiliates and/or employees of the Company or Daqo Group Co. Ltd. (&ldquo;Daqo Group&rdquo;), an affiliate
of the Company). None of these shareholders are governmental entities.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
its ADSs, the Company does not know the identity or number of ordinary shares owned by holders other than its directors and officers and
shareholders that have made Schedule 13D or 13G filings. The Depositary typically does not provide ADS holder information to the Company.
However, upon the Company&rsquo;s request, the Depositary will provide a quarterly report generated by its third-party data suppliers,
summarizing ADS holding positions of financial institutional investors, based primarily on their Form&nbsp;13F filings</FONT>. Based on
these quarterly reports on ADS holding positions of financial institutions as of December&nbsp;31, 2022 (received by the Company prior
to the date of the FY 2022 20-F) and March&nbsp;31, 2023 (received by the Company on May&nbsp;16, 2023 subsequent to the date of the FY
2022 20-F), none of the financial institutional investors in these reports appear to be governmental entities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, Schedule 13D and 13G filings made
in respect of the Company&rsquo;s shares do not appear to indicate any shareholding in the Company by governmental entities.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on the ROM, the ADS holding information provided by the Depositary discussed above, and Schedule 13D and 13G filings made in respect of
the Company&rsquo;s shares, </FONT>to its best knowledge, the Company believes that, as of the date of the FY2022 20-F, none of its shares
were owned by governmental entities in the jurisdiction in which the Company is incorporated or the PRC.</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"><I>Any controlling financial interest held by PRC governmental entities
(paragraph (b)(3))</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company concluded in its FY 2022 20-F that
PRC governmental entities do not have a controlling interest in it, because:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>Based on information available to the Company (including the ROM, the schedules of its share awards granting and vesting, and information
otherwise collected from directors and officers), as disclosed in its FY 2022 20-F, as of the date of the FY2022 20-F, Mr.&nbsp;Guangfu
Xu and Mr.&nbsp;Xiang Xu in aggregate beneficially owned 23.0% of the Company&rsquo;s outstanding ordinary shares, and all directors and
executive officers as a group beneficially owned 32.5% of the Company&rsquo;s outstanding ordinary shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>Based on Schedule 13D and 13G filings made in respect of the Company&rsquo;s shares as of the date of the FY 2022 20-F (April&nbsp;27,
2023), no shareholder (including ADS holders) other than Mr.&nbsp;Guangfu Xu and Mr.&nbsp;Xiang Xu beneficially owned more than 5% of
the Company outstanding ordinary shares. Based on a Schedule 13G/A filed by Blackrock Inc. (&ldquo;Blackrock&rdquo;) on January&nbsp;6,
2023, Blackrock beneficially owned 13,227,742 ordinary shares, or 3.6% of the Company&rsquo;s ordinary shares, as of December&nbsp;31,
2022.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company has further reviewed its shareholders&rsquo; filings and identified a Schedule 13G/A filing dated June&nbsp;8, 2023 by Blackrock,
which reported that it beneficially owned 13,590</FONT>,022 ordinary shares of the Company. This number accounted for approximately 3.5%
of the Company&rsquo;s outstanding ordinary shares as of the date of the FY 2022 20-F (i.e. April&nbsp;27, 2023). This filing, as well
as Blackrock&rsquo;s previous filing, was made pursuant to Rule&nbsp;13d-1(b)&nbsp;under the Securities Exchange Act of 1934, as amended,
which requires that the filer acquired the securities &ldquo;not with the purpose nor with the effect of changing or influencing the control
of the issuer, nor in connection with or as a participant in any transaction having such purpose or effect.&rdquo;</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; text-indent: 0.5in">In response to the Staff&rsquo;s comments, the
Company obtained signed confirmation letters from its shareholders (other than Blackrock and other public investors holding ADSs) that
beneficially owned more than 1% of its outstanding ordinary shares based on information available to it (i.e., Mr.&nbsp;Guangfu Xu, Mr.&nbsp;Xiang
Xu, Mr.&nbsp;Dafeng Shi, Mr.&nbsp;Fei Ge and Mr.&nbsp;Longgen Zhang) (the &ldquo;Confirming Shareholders&rdquo;). The Confirming Shareholders
in aggregate beneficially owned approximately 31.2% of the Company&rsquo;s outstanding shares as of March&nbsp;31, 2023. These letters
confirmed that:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>the Confirming Shareholders are the only shareholders of their respective Holding Vehicles, and no PRC, Cayman or any other governmental
entity directly or indirectly, including through a proxy or agent, owns any shares in their respective Holding Vehicles;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>the Confirming Shareholders are their respective Holding Vehicles&rsquo; sole directors, and the Holding Vehicles do not have any
directors appointed by PRC, Cayman or any other governmental entities; and</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>neither the Confirming Shareholders nor their respective Holding Vehicles have any contractual or other arrangement with PRC, Cayman
or any other governmental entities, nor are the Confirming Shareholders aware of any circumstances, that could result in any PRC, Cayman
or any other governmental entity having any controlling financial interest in the Company, including through the Holding Vehicles&rsquo;
or the Confirming Shareholders&rsquo; shareholding or beneficial ownership in the Company.</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; text-indent: 0.5in">Therefore, based on the ROM, Schedule 13D and 13G
filings in respect of the Company&rsquo;s shares, and the signed confirmation letters from the Confirming Shareholders, to its best knowledge,
the Company believes that no PRC governmental entity has any controlling financial interest in the Company.</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"><B><I>Xinjiang Daqo</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company&rsquo;s principal consolidated foreign
operating entity is Xinjiang Daqo New Energy Co.,&nbsp;Ltd. (&ldquo;Xinjiang Daqo&rdquo;). Xinjiang Daqo completed an initial public offering
and was listed on the Shanghai Stock Exchange&rsquo;s Sci-Tech innovation board in July&nbsp;2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">According to Xinjiang Daqo&rsquo;s shareholder
information as of April&nbsp;25, 2023, as provided by China Securities Depository and Clearing Corporation Limited, approximately 0.8%
of Xinjiang Daqo&rsquo;s total outstanding shares were held by state-owned investors. While the Company cannot determine if any of these
state-owned investors are governmental entities, the Company believes that investments in private entities that are publicly listed in
China are ordinarily made by state-owned enterprises rather than by governmental entities. Accordingly, the Company is not aware of any
PRC governmental entity holding any shares in Xinjiang Daqo.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Separately, the Company effectively controls Xinjiang
Daqo as it owned, directly and indirectly, 72.7% of its outstanding shares as of the date of the FY 2022 20-F (April&nbsp;27, 2023). Given
the Company&rsquo;s level of control over Xinjiang Daqo and the Company&rsquo;s belief that no PRC governmental entity has a controlling
financial interest in it, the Company also believes that no PRC governmental entity has a controlling financial interest in Xinjiang Daqo.</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"><B><I>Other PRC Subsidiaries</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Among the Company&rsquo;s other foreign operating
subsidiaries, the Company owns 100% of the equity interest in Chongqing Daqo and Hong Kong Daqo, and Xinjiang Daqo owns, directly or indirectly,
100% of the equity interest in the other operating subsidiaries of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Accordingly, to the Company&rsquo;s best knowledge,
none of the shares of the Company&rsquo;s foreign operating subsidiaries is owned by governmental entities in jurisdictions in which these
subsidiaries are incorporated, and no PRC governmental entity has a controlling financial interest in any of these subsidiaries.</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; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
note that Item 16I(b)&nbsp;requires that you provide disclosures for yourself and your consolidated foreign operating entities, including
variable interest entities or similar structures. With respect to (b)(2), we note that your disclosure refers to jurisdictions where you
and your subsidiaries are incorporated. Please supplementally clarify the jurisdictions in which your material consolidated foreign operating
entities are organized</B></FONT><B> or incorporated and confirm, if true, that you have disclosed the percentage of your shares or the
shares of your consolidated operating entities owned by governmental entities in each foreign jurisdiction in which you have consolidated
operating entities. Alternatively, please provide this information in your supplemental response.</B></P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company respectfully advises the Staff that the Company&rsquo;s material consolidated foreign operating entities are incorporated in Hong
Kong and mainland China. The Company does not have any variable interest entity or similar structure that is consolidated into its financial
statements. </FONT>Therefore, the Company believes that its disclosure under Item 16I(b)(2)&nbsp;has been correctly limited to itself
and its subsidiaries.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to clarify the scope of your review, please supplementally describe the steps you have taken to confirm that none of the members
of your board or the boards of your consolidated foreign operating entities are officials of the Chinese Communist Party. For instance,
please tell us how the board members&rsquo; current or prior memberships on, or affiliations with, committees of the Chinese Communist
Party factored into your determination. In addition, please tell us whether you have relied upon third party certifications such as affidavits
as the basis for your disclosure.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company respectfully advises the Staff that it made enquiries with</FONT>, and reviewed the bios of, its directors and the directors of
its subsidiaries to understand their roles (if any) within the Chinese Communist Party (&ldquo;CCP&rdquo;). In response to the Staff&rsquo;s
comments, the Company also obtained signed confirmation letters from the relevant directors. Subject to the discussion in the following
two paragraphs, these directors have confirmed that they do not hold any official position within the CCP, including as a member of any
CCP committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
part of the Company&rsquo;s discussions with the relevant directors, two directors of the Company advised it that they act as the secretary
and discipline secretary, respectively, of the CCP&rsquo;s primary-level party organization </FONT>in Daqo Group. However, the Company
does not believe that these directors should be identified as &ldquo;officials&rdquo; of the CCP, because:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>According to the Regulations on the Work of Branches of the CCP that came into effect on October&nbsp;28, 2018, each enterprise in
China (including private enterprises) that has at least three CCP members within it should form a primary-level party organization. This
primary-level party organization is required mainly to promote and implement guidelines and policies of the Central Committee of the CCP
and other upper-level party organizations, connect with the people and protect the people&rsquo;s rights and interests, supervise party
members and other personnel&rsquo;s compliance with laws and regulations, and counter corrupt practices. The two relevant directors are
paid exclusively for their directorship and/or management positions at Daqo Group and the Company, and receive no remuneration for serving
as the secretary or discipline secretary (as the case may be) of the CCP&rsquo;s primary-level party organization at Daqo Group. The Company
believes that a person who is a CCP &ldquo;official&rdquo; would derive at least a significant portion of their remuneration for serving
in his or her party position, which does not apply in this case.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD>In addition, as advised by the Company&rsquo;s PRC legal advisor, JunHe LLP (&ldquo;JunHe&rdquo;), considering that there is no statutory
definition for &ldquo;officials&rdquo; of the CCP, the Company has referred to the term&rsquo;s interpretation published on the CCP&rsquo;s
Central Commission for Discipline Inspection&rsquo;s website for guidance. This interpretation explains that whether an individual is
an official of the CCP depends on the organization in which the relevant CCP member works and the member&rsquo;s respective rank within
the party. According to this interpretation, officials of the CCP mainly include: (i)&nbsp;CCP members in party and governmental bodies
(including party, legislative, administrative, political consultative conference, judicial, prosecution, non-communist party, and federation
of industry and commerce bodies, and other bodies administered by reference to the Civil Servant Law promulgated on April&nbsp;27, 2005,
as amended) who hold leadership positions, or who rank at or above the associate researcher level but do not hold leadership positions;
(ii)&nbsp;CCP members who hold mid-level and above leadership roles in large and very-large state-owned or state-controlled enterprises
(&ldquo;SOEs&rdquo;), hold leadership roles in medium and small SOEs, or rank at or above the county division-head level in these SOEs;
and (iii)&nbsp;CCP members who hold leadership roles or rank at or above Level 6 management positions (equivalent to the county deputy
division-head level) in public institutions. As advised by JunHe, the Company believes that the two relevant directors&rsquo; positions
as secretary and discipline secretary at Daqo Group are not officials of the CCP, because (a)&nbsp;Daqo Group is a private enterprise,
which does not fall into any of these three categories, and (b)&nbsp;these two directors have no leadership positions or ranks within
the CCP.</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Separately,
one other director of the Company worked in the PRC government and held leadership positions at SOEs over two decades ago. After resigning from these positions in July 2002, this director worked at private companies. This director is no longer considered to
be an official of the CCP (based on the interpretation above), as advised by JunHe.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Based on the above, the Company does not believe
any of its directors or any directors of its subsidiaries are officials of the CCP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to your disclosure pursuant to Item 16I(b)(5), we note that you have included language that such disclosure is &ldquo;to our best
knowledge&rdquo;. Please supplementally confirm without qualification, if true, that your articles and the articles of your consolidated
foreign operating entities do not contain wording from any charter of the Chinese Communist Party.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company acknowledges the Staff&rsquo;s comment and confirms</FONT>, without qualification, that the current effective memorandum and articles
of association of the Company and its consolidated foreign operating entities do not contain wording from any charter of the CCP.</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; text-align: left; text-indent: 0.5in">If you have any questions
regarding the FY 2022 20-F, please contact Mr.&nbsp;Ming Yang, the chief financial officer of DAQO NEW ENERGY CORP., by telephone at +86-21-50689705
or via e-mail at mingyang@daqo.com.</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>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Very truly yours,</FONT></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><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Ming Yang</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ming Yang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</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">cc: Ms.&nbsp;Shuang Zhao, Partner, Cleary Gottlieb Steen&nbsp;&amp;
Hamilton LLP</P>

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

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

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