Daqo New Energy Corp. Receives Excellent Supplier Award 2010 from Solarfun

Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading polysilicon manufacturer based in China, today announced that it has received an Excellent Supplier Award 2010 from Solarfun Power Holdings Co., Ltd. (Nasdaq: SOLF) (“Solarfun”) during the 2010 Solarfun Supplier Conference hosted by Solarfun at its Qidong headquarters on November 22, 2010.

“We are proud to receive the Excellent Supplier Award from Solarfun, one of the leading manufacturers of silicon ingots, wafers, PV cells and PV modules in China,” said Dr. Gongda Yao, the Chief Executive Officer of Daqo New Energy. “Solarfun is one of our top customers, and we look forward to furthering our working relationship with Solarfun in the coming years. The award recognizes our commitment to providing our world class polysilicon to our customers, and further establishes Daqo New Energy as a trusted supplier in the global photovoltaic industry.”

ABOUT DAQO NEW ENERGY CORP.

Daqo New Energy Corp. (NYSE: DQ) is a leading polysilicon manufacturer based in China that aims to become a vertically integrated photovoltaic product manufacturer. Daqo primarily manufactures and sells high-quality polysilicon to photovoltaic product manufacturers. It also manufactures and sells photovoltaic wafers and modules. For more information about Daqo, please visit www.dqsolar.com.