6,500,000 American Depositary Shares representing 39,000,000 Shares, par value $0.0001 per Share DAQO NEW ENERGY CORP. UNDERWRITING AGREEMENTUnderwriting Agreement • January 25th, 2010 • Daqo New Energy Corp. • Semiconductors & related devices • New York
Daqo New Energy Corp., an exempted company incorporated in the Cayman Islands (the “Company”), proposes to issue and sell to the several Underwriters named in Schedule A hereto (the “Underwriters”), for whom you are acting as representative (the “Representative”), an aggregate of 6,500,000 American depositary shares (the “Firm ADSs”), each representing six of the Company’s ordinary shares, par value $0.0001 per share (the “Shares”). The respective amounts of the Firm ADSs to be so purchased by the several Underwriters are set forth opposite their names in Schedule A hereto. In addition, the Company proposes to sell at the Underwriter’s option an aggregate of up to 975,000 additional ADSs (the “Option ADSs”) as set forth below.
