Xinjiang Daqo Qualified as a High and New Technology Enterprise
CHONGQING, China, Aug. 6, 2014 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading polysilicon manufacturer based in China, today announced that Xinjiang Daqo New Energy Co., Ltd. ("Xinjiang Daqo"), a wholly-owned subsidiary of the Company in China, has successfully qualified for and received the certification of High and New Technology Enterprise in the Xinjiang Uygur Autonomous Region of China for a three-year period from 2014 to 2016. As a High and New Technology Enterprise, Xinjiang Daqo is entitled to enjoy a preferential enterprise income tax rate of 15%, compared to a standard enterprise income tax rate of 25%. The certification of High and New Technology Enterprise can be renewed for additional three-year terms upon Xinjiang Daqo's additional application and the government's approval.
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) is a leading polysilicon manufacturer based in China. Daqo New Energy primarily manufactures and sells high-quality polysilicon to photovoltaic product manufacturers. It also manufactures and sells photovoltaic wafers. For more information about Daqo New Energy, please visit www.dqsolar.com
Daqo New Energy Corp.
Kevin He, Investor Relations
SOURCE Daqo New Energy Corp.