06/08/2019 Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its board of directors has approved the appointment of Mr. Qiangmin Zhou, the current Chief Technology Officer, as the Chief Operations Officer of the Company, effective June 7, 2019. Mr. Xiyu Wang, Deputy General Manager of Xinjiang Daqo New Energy Co., Ltd., has been appointed as the Chief Technology Officer of the Company, effective June 7, 2019.
First joining the Company in 2007, Mr. Qiangmin Zhou served as the General Manager of the polysilicon business group, the Company's Chief Operations Officer, and then as the Chief Technology Officer of the Company. Mr. Zhou has over 25 years of experience in chemical and materials industry with extensive experience in polysilicon technology and production. Mr. Zhou holds a bachelor's degree from Tianjin University of Science and Technology and an MBA degree from Chongqing University.
First joining the Company in 2007, Mr. Xiyu Wang worked in several technology and process departments in our Chognqing and Xinjiang facilities, and served as the Deputy General Manager of Xinjiang Daqo New Energy prior to his appointment. Mr. Wang holds a master's degree from Beijing University of Chemical Technology.
"I would like to congratulate both Mr. Zhou and Mr. Wang on their new appointments," said Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy. "Mr. Zhou's extensive experience and knowledge in polysilicon process, technology, and manufacturing will contribute greater value to the Company with his new role overseeing the entire operation of our polysilicon facilities. Mr. Zhou will also work to ensure the successful completion and ramp up of our Phase 4A capacity expansion project. Once the Phase 4A project is completed, our Xinjiang site will reach 70,000 metric ton polysilicon production capacity, and will be one of the world's largest single-site polysilicon production facilities with significant economies of scale. Mr. Wang has been with the Company for over a decade and has demonstrated his rich experience in our R&D and operational activities, including leading several of our process and technology upgrade projects and successfully implementing new technologies and breakthroughs to improve our product's quality and reduce production cost. We believe he will lead our technology development going forward to further strengthen our advantages in production efficiency, cost structure and product quality."