ROTH Capital Partners Acts as Co-Manager for
Daqo New Energy Corp. (NYSE: DQ) in its
$110 Million Follow-On


For more information please contact:

Investment Banking
Jesse Pichel
Managing Director
(646) 358-1919
Robert Stephenson
Managing Director
(949) 720-5750

Brian Kremer
(949) 720-5726

Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
Nazan Akdeniz
Senior Vice President
(949) 720-5740
Lou Ellis
Senior Vice President
(949) 720-5739

Transaction Information
Daqo New Energy Corp. (NYSE: DQ) (the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, has closed a registered follow-on offering of 2,000,000 American Depositary Shares (“ADSs”) and has granted to the underwriter a 30-day option to purchase up to 300,000 additional ADSs. Each ADS represents 25 ordinary shares, par value $0.0001 per share, of the Company. The ADSs were sold at the price of $55 per ADS, resulting in the gross proceeds for Daqo New Energy Corp. of $110 Million.

Daqo New Energy Corp. intends to use the proceeds from the Offering for general corporate purposes, including capital expenditure for further capacity expansion and upgrade of its business, and working capital.

ROTH Capital Partners acted as co-manager for the offering.

About Daqo New Energy Corp.
Daqo New Energy Corp. is a leading manufacturer of high-purity polysilicon for the global solar PV industry. As one of the world's lowest cost producers of high-purity polysilicon and solar wafers, the Company primarily sells its products to solar cell and solar module manufacturers. The Company has built a manufacturing facility that is technically advanced and highly efficient with a nameplate capacity of 18,000 metric tons in Xinjiang, China. The Company also operates a solar wafer manufacturing facility in Chongqing, China.  For more information, please visit
(Source: Company Press Release | 4/12/18)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit

Date of Announcement: 4/19/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.