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Daqo New Energy announces $3M share repurchase program

Daqo New Energy announced that its board has approved a share repurchase program, effective immediately. The board has authorized Daqo New Energy to repurchase up to $3M worth of its issued and outstanding ordinary shares or American Depositary Shares, representing ordinary sharesin open-market purchases, in negotiated transactions off the market, in block trades or through other legally permissible means prior to July 23, 2014 in accordance with applicable securities laws.