Daqo New Energy (NYSE: DQ) CEO lists large direct and indirect stakes

Rhea-AI Filing Summary

DAQO NEW ENERGY CORP. director and Chief Executive Officer Xu Xiang filed an initial ownership report showing large direct and indirect stakes. He holds 7,923,465 ordinary shares (represented by American depositary shares) directly. He also has indirect ownership of 15,923,750 ordinary shares through Duke Elite Limited and 14,820,000 ordinary shares through Plenty China Limited, both British Virgin Islands companies wholly owned and controlled by him.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Xu Xiang

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Ordinary shares (represented by American depositary shares)	--	--	--
holding	Ordinary shares	--	--	--
holding	Ordinary shares	--	--	--

Holdings After Transaction: Ordinary shares (represented by American depositary shares) — 7,923,465 shares (Direct); Ordinary shares — 15,923,750 shares (Indirect, By Duke Elite Limited)

Footnotes (1)

1. These shares are owned directly by Duke Elite Limited, a British Virgin Islands company wholly owned and controlled by Mr. Xiang Xu. These shares are owned directly by Plenty China Limited, a British Virgin Islands company wholly owned and controlled by Mr. Xiang Xu.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Xu Xiang

(Last) (First) (Middle)

C/O NO. 66, DAQUAN ROAD

(Street)

YANGZHONG F4 212211

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/13/2026

3. Issuer Name and Ticker or Trading Symbol
DAQO NEW ENERGY CORP. [ DQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary shares (represented by American depositary shares)	7,923,465	D
Ordinary shares	15,923,750	I(1)	By Duke Elite Limited
Ordinary shares	14,820,000	I(2)	By Plenty China Limited

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares are owned directly by Duke Elite Limited, a British Virgin Islands company wholly owned and controlled by Mr. Xiang Xu.

2. These shares are owned directly by Plenty China Limited, a British Virgin Islands company wholly owned and controlled by Mr. Xiang Xu.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ming Yang, Attorney-in-Fact for Xiang Xu	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Xu Xiang’s Form 3 filing for DAQO NEW ENERGY (DQ) show?

The Form 3 shows Xu Xiang’s initial ownership in Daqo New Energy. He reports significant direct and indirect holdings in the company’s ordinary shares, establishing his starting ownership position as a director and Chief Executive Officer.

How many DAQO NEW ENERGY (DQ) shares does Xu Xiang hold directly?

Xu Xiang holds 7,923,465 ordinary shares directly, represented by American depositary shares. This direct stake reflects his personal ownership separate from entities like Duke Elite Limited and Plenty China Limited that hold additional shares on his behalf.

What indirect DAQO NEW ENERGY (DQ) holdings are reported through Duke Elite Limited?

The filing reports 15,923,750 ordinary shares held indirectly through Duke Elite Limited. Footnotes state Duke Elite Limited is a British Virgin Islands company wholly owned and controlled by Xu Xiang, so these shares are attributed to him as indirect beneficial ownership.

What indirect DAQO NEW ENERGY (DQ) holdings are reported through Plenty China Limited?

The report lists 14,820,000 ordinary shares held indirectly via Plenty China Limited. According to the footnotes, Plenty China Limited is a British Virgin Islands company wholly owned and controlled by Xu Xiang, giving him indirect beneficial ownership of these shares.

Does Xu Xiang’s Form 3 for DAQO NEW ENERGY (DQ) show any recent share purchases or sales?

The Form 3 functions as an initial ownership statement, not a trade report. The entries are labeled as holdings, with no buy or sell transaction codes, indicating disclosure of existing positions rather than new market purchases or sales.