Daqo New Energy Corp., formerly known as Wanli International Co., Ltd., was incorporated in the Cayman Islands on November 22, 2007 and changed to its current name in August 2009. The company is a leading solar photovoltaic high-purity polysilicon manufacturer. Its products are mainly sold to solar cell and module manufacturers. The company's polysilicon production base is located in Xinjiang, China, with advanced technology and leading efficiency, with a current production capacity of 70,000 tons/year. The quality of the company's silicon products belongs to the world's first-class level, and 85-90% can be used for monocrystalline silicon wafers. Daquan New Energy Company is one of the manufacturers with the lowest polysilicon production cost in the world, with advanced technology and leading efficiency. The company has a R&D team composed of domestic and foreign solar industry experts and a management team with an international background. The company introduces world-leading equipment and production technology from abroad, and realizes fully automatic and full-cycle closed-loop operation to manufacture high-purity polysilicon through digestion, absorption and technological innovation.