DAQO New Energy (NYSE: DQ) director discloses major shareholdings

Rhea-AI Filing Summary

DAQO New Energy Corp. director Xu Guangfu filed an initial ownership report showing substantial equity in the company. He directly holds 23,201,150 ordinary shares represented by American depositary shares and indirectly holds 39,000,000 ordinary shares through Gold Intellect Limited, which he wholly owns and controls.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Xu Guangfu

Role Director

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

Holdings After Transaction: Ordinary shares (represented by American depositary shares) — 23,201,150 shares (Direct); Ordinary shares — 39,000,000 shares (Indirect, By Gold Intellect Limited)

Footnotes (1)

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Xu Guangfu

(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
	Officer (give title below)		Other (specify below)

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)	23,201,150	D
Ordinary shares	39,000,000	I(1)	By Gold Intellect 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 Gold Intellect Limited, a British Virgin Islands company wholly owned and controlled by Mr. Guangfu Xu.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ming Yang, Attorney-in-Fact for Guangfu 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 Guangfu’s Form 3 filing show for DAQO New Energy (DQ)?

The Form 3 shows that director Xu Guangfu directly holds 23,201,150 ordinary shares represented by ADSs and indirectly holds 39,000,000 ordinary shares through Gold Intellect Limited, indicating a large ownership position at DAQO New Energy Corp.

Is Xu Guangfu buying or selling DAQO New Energy (DQ) shares in this Form 3?

No, the Form 3 does not report any buying or selling activity. It is an initial ownership statement that simply lists Xu Guangfu’s existing direct and indirect shareholdings in DAQO New Energy Corp. as of the reporting date.

How many DAQO New Energy (DQ) shares does Xu Guangfu hold directly?

Xu Guangfu holds 23,201,150 ordinary shares directly, represented by American depositary shares. This direct position reflects the shares registered under his own name, separate from those held through entities he controls.

What is Gold Intellect Limited’s role in Xu Guangfu’s DAQO New Energy (DQ) holdings?

Gold Intellect Limited directly owns 39,000,000 ordinary shares of DAQO New Energy Corp. The footnote explains that Gold Intellect Limited is a British Virgin Islands company wholly owned and controlled by Xu Guangfu, giving him indirect ownership of those shares.

Does the Form 3 for DAQO New Energy (DQ) include any derivative securities for Xu Guangfu?

No, the filing does not list any derivative securities such as options or warrants for Xu Guangfu. The derivative section is empty, so the disclosed holdings consist only of ordinary shares held directly and indirectly.