daqo new energy corp. (nyse: dq) is a leading poly-silicon manufacturer based in china and aims to become a vertically integrated photovoltaic (pv) product manufacturer. with an installed annual production capacity of 3,300 metric tons (mt) as of june 30, 2010, we believe we are one of the largest polysilicon manufacturers in china. we plan to increase our annual production capacity to 7,300 mt by the end of 2012 by adding a phase 2 production line. we manufacture and sell high-quality polysilicon to photovoltaic product manufacturers, who further process our polysilicon into ingots, wafers, cells and modules for solar power solutions. we have started expanding downstream into the wafer manufacturing business and are ramping up our module manufacturing business. we have established a 200mw photovoltaic module manufacturing facility in nanjing, china. we aim to develop, manufacture and sell high quality and cost-effective photovoltaic modules to a wide range of markets around the world.