Securities code: Xinjiang Daqo New Energy Co.Ltd(688303) securities abbreviation: Xinjiang Daqo New Energy Co.Ltd(688303) Announcement No.: 2022027 Xinjiang Daqo New Energy Co.Ltd(688303)
Announcement on short-term trading of relatives of independent directors
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear legal responsibility for the authenticity, accuracy and integrity of the contents according to law.
Xinjiang Daqo New Energy Co.Ltd(688303) (hereinafter referred to as "the company") received the statement on the formation of short-term transactions by relatives and apology issued by Mr. Yuan Yuan, the independent director of the company, on March 3, 2022, and learned that his mother bought and sold the company's shares from November 18, 2021 to November 26, 2021. In accordance with the securities law of the people's Republic of China (hereinafter referred to as the "Securities Law"), the Listing Rules of shares on the science and Innovation Board of Shanghai Stock Exchange and other relevant provisions, the behavior of the independent director's mother in buying and selling the company's shares during the above-mentioned period constitutes a short-term transaction. The relevant information is hereby announced as follows:
After verification, the details of the independent director's mother's trading of the company's shares are as follows:
Transaction quantity transaction price transaction amount
Trading date trading direction (share) (yuan / share) (yuan)
Purchase on November 18, 20212351 70.0816475808
Purchase on November 19, 2021592 70.014144592
November 26, 2021 sold 294365.7919361997
According to the relevant provisions of the securities law, the act of an independent director's mother selling the company's shares within six months after the purchase constitutes a short-term transaction. The income of the above short-term exchange is -1258403 yuan (the calculation method is: selling price selling quantity - buying price buying quantity).
As of the disclosure date of this announcement, the independent director's mother did not hold the company's shares.
2、 The handling of this matter and the measures taken by the company
The company attached great importance to this matter and checked the relevant situation in time. Mr. Yuan Yuan and his mother, the independent director, also actively cooperated in the verification of relevant matters and took the initiative to correct them. The company's handling measures for this matter are as follows:
(I) in accordance with Article 44 of the Securities Law: "Shareholders, directors, supervisors and senior managers of listed companies and companies whose shares are traded on other national securities exchanges approved by the State Council who hold more than 5% of the shares sell their shares or other equity securities of the company within six months after they buy them, or buy them again within six months after they sell them, and the proceeds therefrom belong to the company If the company is owned by the company, the board of directors shall recover its income. The term "shares or other securities with equity nature held by directors, supervisors, senior managers and natural person shareholders" as mentioned in the preceding paragraph includes shares or other securities with equity nature held by their spouses, parents and children and by using other people's accounts ".
According to the above provisions, the income obtained by the independent director's mother from this short-term exchange shall be owned by the company and recovered by the board of directors of the company. This short-term transaction did not generate recoverable income.
(II) according to the statement on the formation of short-term trading by relatives and apology issued by Mr. Yuan Yuan, this short-term trading is an independent investment made by the independent director's mother according to the trend of the stock in the secondary market on that day. Mr. Yuan Yuan, the independent director of the company, is not aware of the trading, Before and after the transaction, Mr. Yuan Yuan did not inform his mother about the company's operation and other relevant information. This transaction was conducted by his mother. There was no purpose of using short-term trading or insider information to seek benefits, and there was no subjective violation.
His mother has been deeply aware of the seriousness of this matter, sincerely apologized to the majority of investors for the adverse impact caused by the operation of short-term trading, and will strengthen the study of relevant laws and regulations in the future, consciously maintain the order of the securities market and ensure that such situations will not happen again. Mr. Yuan Yuan, an independent director, expressed deep remorse for his failure to fulfill his obligation of supervision in time, expressed sincere apology to the majority of investors, and promised to further study and strictly abide by relevant laws and regulations in the future, consciously maintain the order of the securities market and ensure that such situations will not occur again.
(III) the independent director's mother promises that in the future, she will consciously abide by the provisions of Article 44 of the Securities Law on prohibiting short-term trading, and will not sell the company's shares within six months from the date of the last purchase of the company's shares, and will not buy the company's shares within six months from the date of the last sale of the company's shares.
(IV) the board of directors of the company will further strengthen training and publicity, and require directors, supervisors Senior managers and shareholders holding more than 5% of the company's shares shall strengthen their study of the securities law, the guidelines for self-discipline supervision of companies listed on the science and Innovation Board of Shanghai Stock Exchange No. 1 - standardized operation, several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, and the rules for the management of shares held by directors, supervisors and senior managers of listed companies and their changes And other relevant laws, regulations and normative documents, strictly abide by relevant regulations and operate prudently. The company continues to urge relevant personnel and their spouses, parents and children to strictly manage securities accounts, standardize the behavior of buying and selling company shares, and prevent such incidents from happening again.
It is hereby announced
Xinjiang Daqo New Energy Co.Ltd(688303) board of directors March 4, 2022
