Express News | Daqo New Energy Unveils $100M Share Buyback Program, Effective Through June 2025

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Daqo New Energy (DQ.US) announces a share buyback plan of 0.1 billion US dollars.

On July 22, Gelunhui announced that Daqo New Energy (DQ.US) Board of Directors has approved a share buyback plan of up to $0.1 billion, which will take effect immediately and continue until June 30, 2025. The Board of Directors has authorized Daqo New Energy to repurchase up to $0.1 billion of its outstanding ordinary shares or American Depositary Shares ("ADS") in open-market purchases, privately negotiated transactions, block trades or other legal means in accordance with applicable U.S. securities laws. The company is expected to primarily use its potential available cash and existing cash balances to fund this plan.

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