Daqo New Energy Corp. provided production guidance for the second quarter and full year of 2024. For the quarter company expects total polysilicon production volume to be approximately 60,000 MT to 63,000 MT, similar to that of first quarter 2024 as the Company maintains full production. Company expect to finish construction and begin initial pilot production at new Inner Mongolia Phase 5B facility in Second quarter 2024 and expect to ramp up to full production level by the end of third quarter 2024.

For the year, company anticipates full year production volume to be in the range of 280,000 MT to 300,000 MT, approximately 40% to 50% higher than that of 2023. With more than 15 years of experience in polysilicon production, as well as a fully digitalized and integrated production system that optimizes operational efficiency, will continue to increase N-type production in the product mix.