--- title: "Anchoring the new track of AI computing power distribution, Daqo Energy postpones the board transition to safeguard long-term industrial layout" type: "News" locale: "en" url: "https://longbridge.com/en/news/288981850.md" description: "Daqo Energy announced the postponement of the board of directors' re-election to align with the investment layout of a new 6 billion yuan AI computing power distribution project. This move aims to ensure operational continuity and avoid personnel changes that could disrupt the implementation of the new project, reflecting the company's prudent consideration of balancing current stability with long-term strategic transformation during the adjustment period in the photovoltaic industry" datetime: "2026-06-08T01:05:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288981850.md) - [en](https://longbridge.com/en/news/288981850.md) - [zh-HK](https://longbridge.com/zh-HK/news/288981850.md) --- # Anchoring the new track of AI computing power distribution, Daqo Energy postpones the board transition to safeguard long-term industrial layout Recently, Daqo Energy announced that the term of the third board of directors will expire on June 7, 2026, and disclosed that the board's re-election process will be postponed. At the same time, the company has just officially announced a significant industrial investment plan, intending to invest 6 billion yuan to build a smart energy system manufacturing base project, focusing on new tracks such as AI computing power distribution. This adjustment in pace coincides with the timing of the new business layout, and the postponement of the board re-election may be related to the company's new project implementation. In fact, the postponement of the board re-election for listed companies follows a standardized legal process and governance requirements, with decisions often encompassing multiple factors such as company operations and governance coordination, rather than being determined solely by a single business layout. According to public information, the third board of directors of Daqo Energy was elected at an extraordinary shareholders' meeting on June 8, 2023, consisting of six non-independent directors, including Xu Guangfu and Xu Xiang, and three independent directors, with a term of three years. After the term expired, the company did not hastily proceed with the re-election but initiated a postponement procedure. From the perspective of the company's operations, Daqo Energy is currently fully expanding into new business areas, with the existing management team remaining stable and continuing to perform their duties, ensuring that the progress of new projects is not disrupted by personnel changes, and maintaining a normal pace for business implementation. From the industry environment perspective, since last year, the photovoltaic industry has undergone continuous deep adjustments. Daqo Energy has not chosen aggressive price wars or blind expansions, maintaining an actual operating rate of around 50%, with an annual production guidance of 140,000 to 170,000 tons. The company has established a research institute to continuously carry out forward-looking research on new technologies and new fields, forming a theoretical reserve in new technologies in the photovoltaic field. The simultaneous advancement of the board re-election postponement and the new project implementation reflects Daqo Energy's prudent consideration of balancing current operational continuity with future strategic transformation during the industry adjustment period. While maintaining operational continuity and stability, the postponement of the re-election objectively provides the company with more ample time to complete the formation of the new board of directors, allowing for careful determination of the final candidates based on long-term development needs during the transition period. Since its establishment in 2011, Daqo Energy has formed an annual production capacity of 305,000 tons of high-purity polysilicon. The postponement of the re-election coinciding with the 6 billion yuan smart energy project reflects the company's actual state of balancing current execution with long-term layout in a complex industry environment ### Related Stocks - [DQ.US](https://longbridge.com/en/quote/DQ.US.md) - [688303.CN](https://longbridge.com/en/quote/688303.CN.md) ## Related News & Research - [DAQO New Energy (DQ) Expected to Announce Earnings on Thursday](https://longbridge.com/en/news/296014156.md) - [Goldman Sachs Says This 1 Stock Is Set to Be the Biggest AI Productivity Winner](https://longbridge.com/en/news/296259340.md) - [AI agent security must move beyond human-in-the-loop, experts say](https://longbridge.com/en/news/296269444.md) - [08:04 ETGitKraken Introduces GitLens 19, Bringing Human and AI Workflows Together in One Workbench](https://longbridge.com/en/news/295931656.md) - [What Is Amazon.com (AMZN) Chasing In The Reported Decart AI Bidding War?](https://longbridge.com/en/news/296027594.md)