Daqo Energy(SH:688303) Shang Hai Zheng Quan Bao·2025-10-09 19:05Core Viewpoint - The company is currently involved in a legal dispute with Xinjiang Xian'an New Materials Co., Ltd. and Xinjiang Dengbo New Energy Co., Ltd., with significant financial implications pending the outcome of the appeal process [2][3][11]. Litigation Progress - The case is at the stage of a retrial judgment, with the company as the appellee and the original judgment amounting to 3,297,088.25 CNY, while the appellants are seeking 744,888,394.39 CNY [2][3][11]. - The first-instance retrial judgment confirmed the termination of the business cooperation agreement between the plaintiff and the company as of December 31, 2023, and ordered the company to pay compensation for losses totaling 3,297,088.25 CNY [3][10]. - The company has received an appeal from the plaintiffs against the first-instance retrial judgment, requesting the higher court to overturn the decision and support all their claims [7][11]. Financial Impact - The company stated that the financial obligations arising from the first-instance retrial judgment will not adversely affect its daily operations or future profitability [4][12]. - The company will continue to monitor the litigation's progress and fulfill its information disclosure obligations as required [4][12]. Share Buyback Program - The company has initiated a share buyback program, with a total budget between 50 million CNY and 100 million CNY, aimed at employee stock ownership plans or equity incentives [14]. - As of September 30, 2025, the company has repurchased 15,323 shares, representing 0.0007% of its total share capital, at an average price between 18.79 CNY and 19.12 CNY, totaling 290,753.82 CNY [14].