Daqo New Energy announced that it will cancel 12.7629 million repurchased shares held in its special securities account for buybacks on August 3, 2026, representing 0.59% of the total share capital of 2.145 billion shares before the cancellation. Following the cancellation, the company's total share capital will decrease from 2.145 billion shares to 2.132 billion shares, with a corresponding reduction in registered capital. These shares originate from two buyback programs. The first phase, launched in August 2023, repurchased a cumulative 10.2935 million shares at a total cost of 315 million yuan. The second phase, launched in April 2025, repurchased a cumulative 2.4694 million shares at a total cost of 59.989 million yuan. The company previously passed resolutions at the board and shareholder meetings to change the purpose of these shares from employee stock ownership plans or equity incentives to cancellation and reduction of registered capital.
Xinjiang Daqo New Energy Co LtdCancellation of repurchased shares reduces share count, boosting EPS and signaling capital return.